now he is nicknamed as MILEI the Ponzi President 🤣🤣🤣

🩸 Argentine meme coin #LIBRA collapses, losses reach over $4.4 billion. The president is personally accused.

🩸 Argentine meme coin LIBRA experienced a sudden collapse that wiped out $4.4 billion of its market value, affecting the entire meme coin market.

🩸 The crisis began with a post by Argentine President “Javier Milei” who personally promoted the project, saying that the project aims to boost the Argentine economy.

🩸But in reality, the project lacked transparency, as network analysis showed that 82% of the digital currencies were concentrated in a single wallet.

🩸 Within three hours, insiders extracted $87.4 million through liquidity manipulation, as they used unconventional methods to withdraw funds without direct sales.

🩸 The “LIBRA” coin then fell by more than 90%, and the losses extended to $6 billion in the cryptocurrency market, which led to the decline of other meme coins, including “Trump’s” coin.

🩸 After the incident, President “Milei” deleted his post and denied his connection to the project, describing it as a political conspiracy.

🩸 However, data from “Bubblemaps” and “Ember CN” confirmed that the team behind “LIBRA” extracted $107 million across eight wallets, in one of the fastest meme coin collapses in history.