#MileiMemeCoinControversy
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This appears to be a reference to a recent controversy involving Argentine President Javier Melén. Here’s a summary of the situation:
Controversy:
President Melén supported a Solana-based token called LIBRA on X (formerly known as Twitter).
In a now-deleted post, Melén claimed that the project was aimed at stimulating the Argentine economy by funding local small businesses and startups.
The support led to a drop in Argentina’s S&P Merval Index, which tracks the performance of the country’s largest companies.
The index has since seen a slight recovery but remains below its closing value prior to the support.
Reactions:
The support was met with mixed reactions, with some criticizing Melén for promoting a meme coin.
While others defended his right to support projects that he believes will benefit the Argentine economy.