According to @KookCapitalLLC, many South American politicians have launched crypto projects that ultimately result in rug pulls, often failing to gain traction or deliver lasting value in the market. The tweet highlights that Facebook's Libra project would have remained obscure without the involvement of Hayden Davis, who is characterized as a prominent figure in the crypto scam cycle. For traders, this underscores the importance of due diligence when evaluating new coin launches tied to public figures or regions with histories of failed crypto projects. Persistent rug pull activity in South America and high-profile personalities like Davis influence market sentiment, leading to increased volatility and risk premiums for related tokens (source: Twitter/@KookCapitalLLC, June 3, 2025).