🚨BREAKING🚨
The controversy is escalating around Argentina, Milei, and the #memecoin sector 🤔
🇦🇷 A few hours ago, the president of Argentina, Javier Milei, announced on his Twitter the launch of a memecoin, LIBRA, claiming it would boost the economy.
🚀 In one hour, it reached a market capitalization of 4.5 billion dollars. But then, insiders withdrew 87.4 million dollars, and the price of #LIBRA plummeted by 90%.
💥 Five hours later, 4.4 billion dollars in market capitalization disappeared. This culminated in a new tweet from Milei stating that "he is not aware of the details of the project."
The memes and politicians are doing a lot of damage to the sector
#crypto.