Argentina’s President’s Memecoin LIBRA Soars, Then Crashes
- LIBRA meme coin launched by Argentina’s President Javier Milei.
- The coin reached a market cap of $4.5 billion.
- LIBRA experienced a dramatic crash, losing 99% of its value.
- Analysts suspect market manipulation in the coin’s volatility.
- Risky withdrawals from developer funds were identified as a concern.
The LIBRA meme coin, launched by Argentina’s President Javier Milei, initially soared to a $4.5 billion market cap before plummeting by 99%, raising suspicions of market manipulation and risky fund withdrawals by developers.
Source (2.6)https://hodl.press/argentinas-presidents-memecoin-hits-4-5b-then-plummets-99/?rand=24434
