# MileiMemeCoinControversy

The recent controversy surrounding LIBRA, a meme coin on the Solana blockchain, and Argentine President Javier Milei has sparked discussions in the crypto space. The token gained significant attention after some speculated it was linked to Milei due to his pro-crypto stance. However, no official confirmation or endorsement from the president ever surfaced.

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.