$LIBRA Rug Pull saw $4.4 Billion Vanishing in Hours: Was this Crypto’s Biggest Scam Yet?
What Happened? It was over before it began $LIBRA, hyped by Argentina’s President Javier Milei as an economic game changer, soared to a $4.4 billion market cap in under five hours then crashed 90% as insiders cashed out $107 million. The crypto world was fuming: “Biggest rug pull ever,” fumes one investor, while another cries, “Solana’s trust is dead.”
Blockchain data shows snipers knew the drop three hours early, draining liquidity pools dry while 40,000+ investors got torched. Milei’s deleted tweet sparked a fraud probe, but the damage had been done, $314 million in losses and counting. Was it a scam from the start, or a president’s blunder? Crypto’s held its breath.