Milei's Crypto Tango: From Freedom to Rug Pull
Argentina has had its fair share of crises, but now we have Milei's crypto scandal! The libertarian president launched $LIBRA, a memecoin on the Solana network, promising to fund small businesses. What happened? It went up like a rocket and crashed like a brick! The creators sold everything at the top, leaving 40,000 investors at a loss. They call it a free market, but it was a textbook rug pull!
Solana in the Eye of the Storm
The Solana network, which had been shining with memecoins like Bonk and Dogwifhat, has now earned an unwanted label: “official blockchain of presidential coups”. With this scandal, serious investors may rethink whether it is worth risking money in an ecosystem where a president pumps and dumps on national television. The SEC must be getting popcorn watching this.
And Milei?
Milei, the hardcore anarcho-capitalist, now looks like a mediocre crypto influencer. Argentines, who have already seen hyperinflation, defaults and devaluation, now have a president promoting tokenized pyramid schemes. Will they vote with ballots or NFTs in the next election?
In the end, the rug pull was on investors, but the real blow could be to Milei's own credibility. From a market liberator, he has become the meme of stage anarcho-capitalism.
Now all that's missing is $Biroliro.
