📉 LIBRA Token Crisis: Argentine President Intervenes in Investigation, Investors in Panic!
Recent turmoil in Argentina's cryptocurrency market! President Javier Milei promoted the LIBRA token on social media, causing its price to surge sharply. However, this increase was short-lived, and just a few hours later, the value of the LIBRA token plummeted by over 90%, catching investors off guard. Let's explore the reasons behind this!
LIBRA initially seemed like a decent investment opportunity; once President Milei promoted it, everyone rushed to buy. What happened next? The token's price crashed, with millions in market value disappearing. Due to a lack of transparency, this incident left those who bought LIBRA wondering if it was a major trap.
Even more perplexing is who the founder of LIBRA actually is. Initially, people thought it was KIP Protocol, but they claimed no involvement. It now appears that the token may be related to Kelsier Ventures. However, as of now, there is no clear information indicating who is responsible for this incident.
President Milei has ordered an investigation into this matter and has deleted previous promotional posts. The investigation is currently focused on whether investor fraud was involved, if there were manipulative actions, and who might have profited from this.
The market is also in chaos; although LIBRA has rebounded 95% from its lowest point, it is still down 50% from its peak. This degree of volatility is truly alarming and unpredictable!
A reminder to all cryptocurrency investors: do not blindly chase prices. The cryptocurrency market is unpredictable, with frequent ups and downs. There is a widespread call for more transparent rules to prevent similar incidents from happening again.
The outcome of Argentina's handling of the cryptocurrency incident remains to be seen, but this matter will undoubtedly influence its future policy stance. As for the future of LIBRA, it remains uncertain. Investors will undoubtedly be more cautious going forward, as current market confidence is weak, and no one dares to act recklessly again.
💬 What do you think about the LIBRA token crash event? Do you consider it a case of “the thief crying stop thief,” or a disastrous game of “pulling the rug out from under”? Let’s discuss in the comments!