<ul><li>The launch of $LIBRA token on Solana resulted in a massive surge, reaching a $1.16 billion market cap in its first hour, but quickly collapsed by over 95%.</li><li>The launch raised concerns over insider trading, market manipulation, and alleged ties to Argentinian President Javier Milei and investment firm Kelsier Ventures.</li><li>The evolution of token launches has gone through different mechanisms like mining, ICOs, fair launches, and liquidity bootstrapping, each with their own benefits and flaws.</li><li>The $LIBRA scandal and $MELANIA token controversy highlight the persistent challenges of exploitation, insider trading, and the need for improved security and regulation in token launches.</li></ul>

The Evolution of Token Launches: Lessons from the $LIBRA Launch

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