# MileiMemeCoinControversy

As hype around LIBRA grew, its price skyrocketed before experiencing a sharp decline in what revealed to be a pump-and-dump scheme. This sudden crash frustrated investors and raised concerns about the risks associated with meme coin speculation.

The incident has also reignited debates on the need for better transparency and regulation in the crypto market, as misleading narratives can strongly influence investor sentiment. Despite this, Solana remains a key player in the blockchain ecosystem.