Nigerian Government in Talks to Launch Meme Coin with LIBRA Team

LIBRA Team in Talks to Launch a Meme Coin with the Nigerian Government

The team behind LIBRA, the controversial meme coin, has been in talks with Nigerian officials to launch another meme coin, according to unconfirmed reports. The discussions took place before the LIBRA rug pull, which saw the coin's market cap plummet from $4 billion. Hayden Davis, CEO of Kelsier Ventures and a US citizen, may have given the FBI and DoJ jurisdiction to investigate the LIBRA debacle.

Davis admitted to participating in a lengthy interview where he casually admitted to a number of major financial crimes. He also claimed that he has been flooded with offers to facilitate more rug pulls. In the interview, he said, "I don’t even want to [launch more meme coins], and don’t even know how I would. I mean, I’ve gotten very good at being a launch strategist. Even today, with how much hate there was, there’s been 20 people asking ‘hey, when do you want to do this one?'"

Political meme coins have disrupted the market, with hackers targeting former heads of state to launch fake meme coins. If Javier Milei can pump LIBRA or Bola Tinubu can pump a real Nigerian meme coin, it would be a whole new paradigm. However, the LIBRA meme coin's catastrophic implosion has likely led the Nigerian government to back away from this deal. Audacious crypto scams are enjoying their moment in the sun, and they could seriously damage the industry's reputation if the average newcomer associates the entire crypto business with fraudsters and rug pulls.