The term "MileiMemeCoin" refers to a recent cryptocurrency controversy involving Argentine President "Javier Milei" and a memecoin called $LIBRA. In February 2025, President Milei promoted $LIBRA on his social media, describing it as a private
initiative aimed at boosting Argentina's economy by funding local enterprises. This endorsement led to a rapid surge in the coin's value, reaching a market capitalization of approximately $4.5 billion.
However, the value plummeted shortly after, resulting in significant financial losses for many investors. The incident has sparked legal investigations and political debates in Argentina, with allegations of potential misconduct and calls for impeachment. President Milei has since distanced himself from the project, stating he was not fully informed about its details before promoting it