libra

🇦🇷 The President of Argentina "promoted" a meme coin — $250 million losses in just a few days!

🐸 President Javier Milei posted a link to the meme coin $LIBRA on his official Twitter.
💥 The token price skyrocketed — but then it collapsed, leaving investors with losses exceeding $250,000,000.

📉 Suspicions: "rug pull", dishonest launch, zero transparency.
🧨 In Argentina, there are already calls for an investigation into the president's actions.
This is the first case where a head of state is so directly associated with a crypto scam!

😬 Some believed it would be the "Dogecoin from the government." The reality turned out to be different...

💬 Would you buy a token from your president?
❤️ Like, subscribe, and share your opinion in the comments — meme coins have reached a new level!

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#Libra #MemeCoin #CryptoScandal #ArgentinaCrypto #RugPull

$DOGE

Argentine President Milei was clarified by the Anti-Corruption Office, and the LIBRA token storm is still controversial

Recently, the Argentine Anti-Corruption Office announced the results of an investigation, which determined that President Javier Milei did not violate the law in promoting the LIBRA memecoin incident.

In its resolution on June 7, the office pointed out that Milei's support for the LIBRA token through his personal social media account X in February this year was a personal activity "as an economist" and had nothing to do with his presidency.

The investigation pointed out that Milei's X account was established before he took office, and the LIBRA project he promoted did not involve any government contracts or procedures. Although Milei took the initiative to request an investigation, the head of the Anti-Corruption Office, Alejandro Melik, was appointed by the Milei government in December 2023, so the results of the investigation also caused public doubts about his independence and impartiality.

The turmoil began on February 14, when Mile publicly declared that the LIBRA token would "revitalize the Argentine economy by supporting small businesses." The contract number included in his X tweet caused the token price to approach $5 for a short period of time, but then plummeted to almost zero, causing a large number of investors to lose money.

Although the conclusion of the Argentine Anti-Corruption Office cited the case of the US Supreme Court and emphasized the legal complexity of distinguishing personal and official behavior, the LIBRA incident is still fermenting in the judicial systems of many countries. The Argentine House of Representatives voted to establish a special investigation committee in April, but the process was obstructed by the ruling party. Meanwhile, related investigations by the US and Spanish courts are still ongoing.

In terms of the market, LIBRA is currently trading at $0.029, down 97% from its historical high. Despite a 35.7% rebound in the past month, for investors, this loss has become a fait accompli.

In summary, although this ruling has cleared Mile of administrative responsibility, the public's doubts about his use of influence to promote high-risk crypto projects have not dissipated.

However, this incident reflects the ethical boundary issues faced by politicians from various countries when participating in the promotion of cryptocurrency, and also provides a warning case for regulators on how to deal with market fluctuations caused by the "celebrity effect".

#阿根廷 #LIBRA #反腐败调查

The Anti-Corruption Agency of Argentina 🇦🇷 stated that President Javier Milei DID NOT violate official duties when he recommended the scam sheet LIBRA on February 14.
The president did not use state resources. Therefore, they believe that the post was in accordance with Milei's right to personal expression of opinions.
#crypto #argentina #libra #Shittcoin #NewsAboutCrypto

🇦🇷💥 Milei, LIBRA and the meme catastrophe
Argentina's anti-corruption agency found no ethical violations in the actions of President Javier Milei, who promoted the meme-token LIBRA. In February, the token soared to $4.56 billion, but within hours it collapsed by 90% after the president's tweet linking to the smart contract.
Milei claims he was simply "sharing financial innovation," but: ▪️ his post was deleted
▪️ investors filed a lawsuit
▪️ his sister is suspected of connections to the project
▪️ the US has begun its own investigation
▪️ assets worth $100 million are frozen
▪️ Circle blocked $57.6 million in USDC
▪️ and three investigations were launched in Congress
🤯 Crypto chaos has reached an international level.
📌 We are monitoring the developments: will LIBRA be the last spark before a major crash or the beginning of a new wave of meme marketing from politicians?
#memcoin #Circle $USDC #libra

The Collapse of Pumpdotfun Activity After the LIBRA Rug Pull Scandal

The Pumpdotfun platform, which was hosting a large wave of new projects and tokens, suffered a severe blow after the rug pull associated with the LIBRA project.

LIBRA is a fraudulent project launched on Pumpdotfun, which attracted investors with promises of quick profits, but ended with a rug pull – meaning the developers suddenly withdrew liquidity, leading to a collapse in the token's value and losses for investors. This incident heightened concerns about the platform's safety and the projects launched on it.

How did this affect Pumpdotfun?

📉 The number of new tokens being launched daily on the platform has decreased by more than 90% since its peak in February.
📉 The number of "graduated" tokens (i.e., projects that meet certain criteria on the platform) has dropped by almost the same percentage.

What does this mean?

🔹 Declining trust: Investors and developers have become more cautious following what happened with LIBRA.
🔹 Decreased liquidity and activity: With the drop in new token numbers, opportunities for quick speculation that attracted users to the platform are diminishing.
🔹 Uncertain future: If the platform does not regain user trust, it may decline further or lose its importance to other platforms.

This event reflects how rug pulls can destroy emerging projects, even if they initially achieve massive growth.

#BitcoinPolicyShift #BTC #BTC走势分析 #libra
$BTC
$XRP

A certain LIBRA whale lost $695,000 in just seven minutes due to reverse band operations! This level of capital fluctuation is enough to make anyone's heart beat faster. Short-term fluctuations are large, and some whales dare to challenge the market, but once the operation is wrong, the loss will also explode quickly.
#BNBChainMeme热潮 #libra #doge⚡ #om #xrp $OM $XRP $XLM

$BTC dominance has climbed to 60%, up 5% in the past month and 12% over the past year, as altcoins struggle with volatility.
$SOL , for example, is down 4% in the past day, trading around $185.
The collapse of the #libra memecoin, linked to Argentine President Javier Milei, wiped out $4B in market cap and further eroded investor confidence in riskier assets.

Since the #libra scam of Argentine President Milley sucked blood, the overall activity of the SOL chain has declined a lot. Even the income of the #Pump platform has dropped by 50% in the past few days. The average daily income was 3 million US dollars before, and the average income in recent days was about 2 million US dollars. Yesterday, the income was 1.83 million US dollars.

Although the overall income of the pump platform has declined now, the daily income is still considerable. The narrative dividend of meme coins alone is gradually fading. In the future, more meme coins and AI coins with more scenarios and applications will be needed to explode again.

At present, many people are looking forward to the pump platform issuing coins. However, according to current news, the proportion of pump platform issuing coins and airdrops is not high. Many people who expect to make money on the platform may be disappointed. Even if the coins are issued, it should be difficult to make the platform's income grow rapidly in the short term!

#BNBChainMeme热潮 #SOL走势分析

🚨 Memecoins and New Investors: A Cautionary Tale
📉 A recent survey conducted by Chainplay and Storible revealed that politically-themed memecoins such as #TRUMP , #libra , and CAR attracted many first-time crypto investors but also resulted in significant losses and disillusionment. Nearly 80% of the 1,066 crypto investors surveyed purchased these president-endorsed memecoins, with about 37% being first-time buyers drawn by their political relevance and viral marketing. However, approximately 21% of these investors quit crypto altogether after their experience with these coins.
This suggests that, rather than fostering long-term engagement in the market, these memecoins have led to significant disillusionment.
📉 Despite the initial hype, the value of these memecoins has plummeted, resulting in steep losses for holders. The findings indicate that two-thirds of president-endorsed memecoin investors are losing money. As of February 19, nearly 560,000 (52.3%) $TRUMP investors were at a loss, with almost 545,000 losing up to $10,000. Additionally, 287 $TRUMP investors lost over $1 million, totaling an overall loss of $3.6 billion for these investors. Three-quarters of LIBRA investors were also at a loss, with over 101,000 losing up to $10,000. Interestingly, while 26 LIBRA investors lost over $1 million, about 36 made over $1 million.
📉 The study also showed that 66% of CAR investors were at a loss, while 0.07% made over $100,000. The report concluded that while memecoins tied to political figures can attract mass participation, they also expose investors to the speculative nature of the market. The high-risk nature of these investments has pushed a significant portion of first-time buyers away from crypto entirely.
This is an alarming trend, as widespread negative experiences could slow down broader adoption and trust in digital assets.

Judging from the on-chain data, this insider not only purchased a large amount of LIBRA, but also involved the flow of funds in the contract deployer's wallet. It should be noted that although the current loss is serious, this operation usually involves a longer-term layout, which may be waiting for the market to adjust or the arrival of greater momentum.
If this whale continues to hold these LIBRA, market fluctuations in the next few days may determine the fate of this fund. What do you think of this large amount of capital inflow and outflow operation?
#libra #BNBChainMeme热潮 #sol #om #PEPE‏ $BNX $TST

The "crypto fiasco" of Milei has shaken the crypto and political world in Argentina. Four leaders have filed a criminal complaint against President Javier Milei, accusing him of being part of an alleged mega-scam through the promotion of the cryptocurrency $LIBRA on social media. According to the complaint, more than 40,000 investors suffered losses exceeding 4 billion dollars, after the value of $LIBRA was artificially inflated and then abruptly collapsed when large sums of capital were withdrawn. The accusation states that Milei, taking advantage of the trust generated by his image, spread the project without thoroughly understanding its details, which facilitated the coordination of a "rug pull" type scam. Additionally, figures close to his circle are involved, such as the President of the Chamber of Deputies, Martín Ménem, and executives from Kip Protocol and Kelsier Ventures. The controversy has generated strong reactions from the opposition, which is already demanding an impeachment trial and the immediate appearance of the president to clarify his involvement in this scandal, while experts warn about the risks of promoting digital assets without adequate regulation.
$BNB
#libra

ARGENTINA’S CHIEF PROSECUTOR ORDERS $100M CRYPTO FREEZE IN LIBRA COIN SCANDAL

- Argentina’s Chief Prosecutor, Eduardo Taiano, ordered the freezing of nearly $100 million in crypto linked to the sale of #LIBRA coins, Clarín reported.

Key Developments:

- LIBRA skyrocketed to a $4.5 billion market cap before collapsing last February raising allegations of a pump-and-dump scheme.

- President Javier Milei promoted LIBRA on X, claiming it would support small businesses. He later deleted his tweet after the token crashed.

- Milei now faces fraud charges, with authorities investigating the token’s financial records and deleted social media posts.

- Before LIBRA’s crash, a small group of wallets holding most of the supply reportedly cashed out. Kelsier Ventures CEO Hayden Davis admitted to making $100M from the project, according to Decrypt.

- Reports claim 40,000 investors were affected, but Milei disputes this, saying only 5,000 were involved.

- Law enforcement, regulators, and international exchanges have been urged to cooperate in freezing funds.

Milei’s Defense:

- Milei insists he shared LIBRA in good faith, believing it could benefit Argentine entrepreneurs.

- He dismissed the impact on local investors, saying:

“Did the State lose money? No. Did Argentinians lose money? Maybe four or five at most.”

- However, this isn’t Milei’s first crypto controversy. In 2022, before becoming president, he was sued for promoting CoinX, a platform that falsely promised massive returns.
$

Image: Cato Institute

📉The cryptocurrency market fell sharply this week following a series of negative events, such as the Bybit hack, the fraudulent launch of the LIBRA token, and the announcement of new tariffs by Donald Trump.

📈Despite the drop, MKR rose over 10% and story increased more than 6%, with the latter reaching a new all-time high.

🔴These were the only two cryptocurrencies that managed to stand out in a week where the market was painted red.

Subscribe here and receive this newsletter every Sunday 👈

#libra #MKR #TRUMP #BybitHack #DonaldTrump $SOL

Libra, Melania creator’s ‘Wolf of Wall Street’ memecoin crashes 99%

Hayden Davies continues launching memecoins plagued with insider trading activity, despite being wanted by the Interpol for previous crypto scams.

#libra #StablecoinSurge #TelegramFounderToLeaveFrance #Write2Earn

Two crypto fraudsters celebrate a successful token deal #Libra

What triggered #LIBRA 's 90% crash? 🚨

The launch of $LIBRA by Argentinian President Javier Milei was intended to support the growth of the Argentine economy. 🇦🇷

However, due to a poor understanding of how it works, rushed organization, and heavy selling, the market cap dropped from $4 billion to $200 million in just 5 hours. ⏱️💸

The price fell from a high of $4.50 to $0.40 (now), a decline of 91% 📉

#MileiMemeCoinControversy

🎉#Libra : Argentina’s President Sparks Debate Over Controversial Memecoin 🔥🚨💸

Argentine President Javier Milei has ignited controversy by endorsing Libra, a newly launched memecoin that has rapidly gained popularity across social media. Branded as a symbol of economic freedom, Libra has attracted significant attention from cryptocurrency enthusiasts and libertarians alike. However, skeptics remain unconvinced, questioning its legitimacy and long-term viability.

Unlike Bitcoin—previously praised by Milei—Libra seems to function more as a speculative asset rather than a transformative financial instrument. Detractors argue it could be yet another pump-and-dump scheme designed to capitalize on hype, while supporters see it as a bold challenge to traditional financial systems. The coin’s rapid rise has further intensified debates about whether government figures should be directly involved in promoting cryptocurrencies.

Milei’s backing of Libra has raised concerns about its potential impact on Argentina’s already fragile economy. While some applaud his embrace of decentralization, others warn that such endorsements could introduce financial instability. Is Libra a groundbreaking innovation or just a fleeting political maneuver? Only time will tell, but for now, it remains a hot topic in the ever-evolving world of digital assets.
#LIBRACrash #CardanoETFTalk #GeopoliticalImpactOnBTC #Write2Earn $BTC $XRP $SOL

📰 Crypto News of the Day: The Dark Side of Memecoins Explodes Again 🚨

In a space where innovation and chaos go hand in hand, the Hayden Davis scandal has reignited serious concerns. Known for his viral tokens like $LIBRA and $MELANIA, Davis has now been directly linked to the collapse of $WOLF — a memecoin that reached a $40 million market cap before crashing by 99%.

🔎 What really happened?

82% of the tokens were held by a small group of wallets.

Sniping was detected at launch.

Transactions were traced to a wallet linked to Hayden Davis himself.

These tactics aren’t new: empty promises, supply manipulation, and aggressive marketing to lure unsuspecting investors. The outcome? Rug pulls, losses, and disillusionment.

🧠 What can we learn from this?

1️⃣ Not everything that goes viral is trustworthy.

2️⃣ Memecoins with no real purpose fade quickly.

3️⃣ Transparency and community are the only fundamentals that last.

Let this be a wake-up call. 🚨

Research deeply, think long-term, and support projects that build value — not just hype.

#libra #Wolf #Melania