# MileiMemeCoinControversyJavier Milei, the President of Argentina, recently promoted a meme coin called $LISTA BRA, which saw a rapid surge in value before experiencing a sharp collapse. This led to significant losses for around 40,000 investors. Milei claimed that he was unaware of the full details of the project and admitted that promoting it was a mistake. Despite this, political opponents have called for his impeachment, accusing him of involvement in a crypto scam. Milei's office stated that he was not directly involved in the development but met with representatives from the involved companies. The incident has raised concerns about his credibility and shaken investor confidence in his administration.
