The team behind the Libra -Meme Coin reportedly launched a meme coin with members of the Nigeria administration.
Cushier Ventures, the company in the center of the Javier Milei Meme Coin scandal, is said to have considered launching a meme coin on the Solana (SOL) blockchain in collaboration with members of Nigeria’s administration.
Although there is no direct evidence that Nigerian President Bola Tinubu connects with the project, sources in the neighborhood claim that some of his team members were involved. “The project was well advanced,” said an unknown source close to the situation of the big whale.
Cushier Ventures came into the spotlight after the involvement in the launch of the Meme Coin scales. After the Argentinian President Javier Milei had promoted the coin on X, it shot it up from 0 to more than $ 4 and shortly thereafter collapsed to less than 50 cents, which led to speculation over a possible carpet.
However, the CEO of Cushier Ventures, Hayden Davis, denied the pump and dump accusations. He explained that the team of the De Munt project “snipped” to prevent others from doing it. He insisted that the project was not a scam, but rather a ‘plan that has become miserably wrong’, with around $ 100 million that was currently under his custody on an account.
In a YouTube interview with Coffeezilla, called various individuals, including Mauricio Novelli, Manuel Godoy and Kip protocol, as central members of the Libra team.
Davis also recognized his involvement in the launch of the Melania Trump Memecoin, who, just like Libra, had also been cut in the launch. Blockchain analysts from Bubblemaps, a data provider on chains, previously identified portfolios connected to the maker of the Melania Memecoin, who were also involved in transactions with regard to the Libra Munt.
Regarding the plotted project of Kelsier in Nigeria, it is unlikely that it will not only come to flourish because of the negative press around it after the scales and Melania incidents, but also because of the loaded relationship of the country with crypto. Nigeria has set up the crypto activities in recent years, with its Economic and Financial Crimes Commission (EFCC) that freezes more than 1,100 bank accounts of crypto -traders in a September 2024 in her efforts to curb crypto fraud.
