$SOL The collapse has sparked calls for Meli to be impeached and several lawsuits filed against him for alleged ethics violations. Meli has defended his actions as part of his tech-driven drive to fund Argentine projects, but the scandal has led to a loss of confidence in the market, with the Argentine stock market index falling more than 5% and the peso falling 2% against the dollar.

At the same time, the TV show “La Revuelta” has parodied the scandal, with host Jorge Ponce imitating Meli’s promotion of the cryptocurrency, highlighting the risks associated with investing in such currencies.

In addition, Meli is facing a federal judicial investigation over the scandal, with threats of impeachment from opposition lawmakers. The S&P Merval index fell by nearly 4% following the events.

One of the coin’s creators, Hayden Mark Davis, has described the project as a failed “experiment,” raising questions about the motives behind launching and promoting the coin.