Come and see the 48-hour drama of Argentina's President 'LIBRA Coin' #阿根廷总统MEME币争议
On February 15, 2025, Argentine President Milei grandly launched the meme coin LIBRA, claiming to 'revitalize the economy'. The token's market value once soared to 5 billion US dollars, but plummeted 90% within hours, with the team cashing out over 100 million US dollars and investors losing everything. Ironically, the president later claimed he 'did not participate in the project development', while on-chain data showed that insider traders had positioned themselves in advance, with a single address making an astonishing 8.7 million US dollars in just one hour.
In contrast, Trump's TRUMP Coin has skyrocketed to a market value of 10.7 billion US dollars since its launch in January 2025, with his business empire controlling over 20 billion US dollars in token assets. Family-related companies hold 80% of the token supply, potentially releasing 24 billion US dollars in market value over the next three years. Despite ongoing controversies, TRUMP Coin, buoyed by the aura of the 'cryptocurrency president', has surpassed Dogecoin to become the new meme king.
Meanwhile, Trump's dog 𝐶𝑜𝑛𝑎𝑛 has now become the hottest potential meme in the primary market. The 𝐶𝑜𝑛𝑎𝑛 team will take an extremely bold action next week, deciding to destroy 19.5% of chips currently worth 3 million US dollars, sending them into a black hole to help 𝐶𝑜𝑛𝑎𝑛 achieve complete CTO status. If the market cap reaches 1 billion, these chips would originally be worth 200 million US dollars; it's too crazy!
Remember, we do not want to be the chives harvested by the wave; only by steadily moving forward with community building can we ensure the safety of our assets!