$SOL

Yes, the Milei meme coin controversy is linked to Solana because the token in question, $LIBRA, was launched on the Solana blockchain.

How SOL (Solana) Fits In:

1. Meme Coin Popularity on Solana

Solana has become a hotspot for meme coins due to its low transaction fees and high-speed processing. Many speculative tokens are created and traded quickly on its network.

2. $LIBRA Token on Solana

The controversial $LIBRA token was a Solana-based meme coin. After Javier Milei promoted it, the price skyrocketed before crashing by over 90%, leaving many investors with huge losses.

3. Suspected Insider Trading

Blockchain analysis suggests that wallets linked to the developers withdrew over $107 million before the crash. Since all Solana transactions are publicly