Understanding the Impact of the LIBRA Solana Jupiter Meteora Scandal on the Crypto World.
The LIBRA Solana Jupiter Meteora scandal has shocked the crypto world, becoming one of the most significant controversies in recent times. It all began with the mysterious appearance of the LIBRA token on February 14, 2025, which was quickly followed by a series of events that would shake the Solana blockchain to its core.
This article investigates how the creators of Jupiter, Meteora, and LIBRA failed to deliver on what appeared to be a promising proposal. The controversy has reignited concerns regarding liquidity manipulation, tokenomics, and the role of centralised entities in decentralised finance.
Also Read: societe-generale-forge-launches-eur-backed-stablecoin-on-stellar
The growth and fall of LIBRA within hours sparked concerns about the integrity of Solana-based enterprises. Jupiter, a significant liquidity provider on Solana, and Meteora, a crucial member in the ecosystem, were accused of taking advantage of LIBRA’s liquidity, causing massive losses for ordinary traders. Despite the controversy, the silence of Jupiter and Solana’s leadership has further fueled the fire.
In this blog article, we’ll look at the origins of LIBRA, the roles of major players such as Kelsier and Meteora, and the implications for the larger Solana network. We’ll also compare this affair to the infamous FTX crash, which had already tarnished Solana’s name.
