⚖️ President, meme coin, and $250 million in losses — the new "Cryptogate" in Latin America
"Meme coins have always been the Wild West of crypto. But when the president gets involved — it's already a political thriller."
🔥 At the beginning of 2025, Argentine President Javier Milei publicly supported the cryptocurrency $LIBRA, calling it a "symbol of financial freedom." Following this statement, the token's price skyrocketed. But everything changed in just a few days
📉 What happened?
🧢 Promotion from the president — Milei actively promoted $LIBRA, expressing support for cryptocurrencies and libertarian values.
💸 Sharp decline — A week after the surge, the price of $LIBRA plummeted, causing $250 million in damages to investors.
⚖️ Political consequences — The opposition labeled it “Cryptogate” and demanded an investigation into the possible conflict of interest of the president.
🤯 This story is an example of how a meme coin can not only explode the market but also become part of a major political scandal.
🧠 What do you think?
Should politicians promote cryptocurrencies? Where is the line between supporting innovation and manipulating the market?
✍️ Share your opinion in the comments!