#MileiMemeCoinControversy

On February 14, 2025, Argentine President Javier Milei sparked widespread controversy after promoting a cryptocurrency called $LIBRA via his account on the platform X (formerly Twitter). Milei described the project as a private initiative aimed at boosting Argentina’s economy by financing small projects and startups. The promotion led to a rapid rise in the value of the coin, with its market cap reaching around $4.5 billion. However, the coin plummeted by almost 94% within hours, raising suspicions of a possible “rug pull” scam.