$LTC Cryptocurrencies promoted by political figures, often termed "meme coins," are encountering substantial criticism. A notable instance involves Argentina's Libra cryptocurrency, which experienced a sharp decline shortly after its launch, following promotion by President Javier Milei. Similar tokens associated with former U.S. President Donald Trump and Central African Republic’s President Faustin-Archange Touadera have also faced scrutiny. These incidents highlight concerns about the volatile nature of politically endorsed cryptocurrencies and their potential to damage the industry's reputation. In Argentina, the Libra controversy led to stock market instability and a federal investigation into the cryptocurrency and President Milei's involvement. Experts warn that such events undermine public trust and emphasize the speculative and sometimes deceptive aspects of meme coin trading.