Scene 1: The president promotes the product, and the leeks revel in the party
Early this morning, Argentine President @JMilei Javier Milei suddenly announced the issuance of $LIBRA on X and Instagram, claiming to "revive the economy" and attached the contract address. As soon as the news came out, the leeks instantly climaxed: "The president personally supports it! This wave must go!" The price of $LIBRA soared to $7.8, and the market value reached $4.6 billion. The whole network was so FOMO that they didn't even sleep, for fear of missing the train to get rich.
Act 2: Market value cut in half, investors weep
Less than half a day later, the situation took a sharp turn for the worse! The market value of $LIBRA plummeted from 4.6 billion to 590 million, and the price was cut in half to $0.6. Before the leeks could react, the money in their accounts had shrunk to dregs: "Where is the promised economic revitalization? The president is taking the lead in cutting the leeks, right?"
Act 3: Account hacked? Policy schizophrenia!
What’s even more absurd is that it’s unclear whether the president's account is actually operated by him! Some suspect hackers stole the account, but the official response has been silence. Meanwhile, Milei previously shouted 'Abolish the peso, embrace Bitcoin,' only to print large amounts of pesos (10,000 pesos ≈ 82 RMB), and now issues worthless coins; the level of policy schizophrenia is comparable to a split personality: 'Is he a champion of liberalism or the godfather of the sickle?'
Act 4: Economic collapse, filling holes with meme coins?
Argentina's inflation rate has reached 287.9%, the peso has devalued to the point where even your mother wouldn't recognize it. Instead of trying to save the economy, the president is focusing on making money through meme coins. This operation has been mocked by netizens: 'Creating a worthless coin during an economic collapse is worse than just issuing hot air!' Ironically, the plummet of $LIBRA has made the public rely more on Bitcoin and stablecoins, leaving the president's reputation in tatters.
Ultimate complaint: Self-cultivation of the retail investor
1. Presidential credibility = Fuel for worthless coins: Yesterday he called for a 'free market,' today he issues coins to cash in; a politician's words are even less trustworthy than shitcoins.
2. Meme coins = Graveyard for retail investors: From 4.6 billion to 590 million, a 90% market cap evaporated; this drop is even more shocking than the Argentine peso, suggesting it be renamed 'The $LIBRA Diving Team.'
3. Rules for survival in the crypto world: Better to miss than to invest wrongly! Next time a president issues a coin, please silently think: 'If he truly wants to save the country, why not first save my wallet?'
Summary:
[This magical plot perfectly illustrates what a 'national-level shitcoin project' means. I suggest the Argentine president consider switching careers to become a meme coin project leader; after all, in terms of harvesting efficiency, politicians are much more skilled than developers 🤡]
