Krypto_ Alchemy
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AFTER SEEING THIS I CANT STOP MY LAUGH.............
😂🤑
Argentina’s President Javier Milei Launches Solana Meme Coin—LIBRA Crashes 89%
President Milei deleted the original X post promoting the meme coin late Friday night, claiming in a new post that he wasn't aware of the details behind the project before sharing it to his 3.8 million followers.
"A few hours ago I posted a tweet, as I have countless times before, supporting an alleged private venture with which I obviously have no connection," he wrote in a post. "I wasn’t informed of the project’s details, and after learning about them I decided not to continue promoting it (that’s why I deleted the tweet)."
To the filthy rats of the political caste who want to take advantage of this situation to do harm," Milei continued, "I want to say that every day they confirm just how despicable politicians are, and it only strengthens our resolve to kick their asses."
LIBRA continued to plunge following the move, and now sits at a market cap of just $167 million—a 96% plunge from the peak.
Argentina's President Javier Milei promoted a Solana meme coin called LIBRA late Friday. Traders initially piled in to purchase the coin, which surged to a market cap of about $4.5 billion—but amid growing doubts over the legitimacy of the launch and whether it was a pump-and-dump scam, the price has since plummeted.
LIBRA has plunged by about 89% since it peaked just hours earlier after it was announced on X (formerly Twitter). Data from crypto analytics platform DexScreener showed that LIBRA reached a price of $4.50 after launching, but has since crashed to just $0.50. The token has racked up about $1.1 billion in trading volume in a matter of a few hours.
According to the website of the Viva La Libertad Project, the aim of the meme coin initiative is to boost the Argentine economy by funding small projects and local businesses.
This private project will be dedicated to encouraging the growth of the Argentine economy by funding small Argentine businesses and startups
The episode recalled the surprise launch of U.S. President Donald Trump’s TRUMP token in January, just days before his inauguration. As with that earlier launch, meme coin traders flocked to buy into LIBRA as it started to soar—but many started to second-guess whether it was a legitimate launch, or if the leader’s account had perhaps been hijacked.
$TRUMP #ElonMusk. #argentina
Argentina’s President Javier Milei Launches Solana Meme Coin—LIBRA Crashes 89%
President Milei deleted the original X post promoting the meme coin late Friday night, claiming in a new post that he wasn't aware of the details behind the project before sharing it to his 3.8 million followers.
"A few hours ago I posted a tweet, as I have countless times before, supporting an alleged private venture with which I obviously have no connection," he wrote in a post. "I wasn’t informed of the project’s details, and after learning about them I decided not to continue promoting it (that’s why I deleted the tweet)."
To the filthy rats of the political caste who want to take advantage of this situation to do harm," Milei continued, "I want to say that every day they confirm just how despicable politicians are, and it only strengthens our resolve to kick their asses."
LIBRA continued to plunge following the move, and now sits at a market cap of just $167 million—a 96% plunge from the peak.
Argentina's President Javier Milei promoted a Solana meme coin called LIBRA late Friday. Traders initially piled in to purchase the coin, which surged to a market cap of about $4.5 billion—but amid growing doubts over the legitimacy of the launch and whether it was a pump-and-dump scam, the price has since plummeted.
LIBRA has plunged by about 89% since it peaked just hours earlier after it was announced on X (formerly Twitter). Data from crypto analytics platform DexScreener showed that LIBRA reached a price of $4.50 after launching, but has since crashed to just $0.50. The token has racked up about $1.1 billion in trading volume in a matter of a few hours.
According to the website of the Viva La Libertad Project, the aim of the meme coin initiative is to boost the Argentine economy by funding small projects and local businesses.
This private project will be dedicated to encouraging the growth of the Argentine economy by funding small Argentine businesses and startups
The episode recalled the surprise launch of U.S. President Donald Trump’s TRUMP token in January, just days before his inauguration. As with that earlier launch, meme coin traders flocked to buy into LIBRA as it started to soar—but many started to second-guess whether it was a legitimate launch, or if the leader’s account had perhaps been hijacked.
$TRUMP #ElonMusk. #argentina
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