#MileiMemeCoinControversy Argentine President Javier Milei has denied promoting the LIBRA cryptocurrency and said he had merely “publicized” the project on his social media. The statement was made to local TV channel TN, shortly after the Argentine leader shared information about the digital asset again on his X network account.

The post was interpreted as a new incentive to buy the cryptocurrency, leading to a rise of more than 120% in the asset’s value – before another sharp drop.