Argentine President Milei first deleted his tweet and then posted again, saying: he does not understand the project, and he is obviously not related to it.

After Milei's announcement, the market value of #LIBRA once surged to 4.5 billion USD, but now it remains only 216 million USD, with a total trading volume reaching 1.3 billion USD.

Online news reports that the behind-the-scenes team cashed out 100 million USD in 4 hours, treating the crypto market as an ATM and the crypto investors as fools.