Solana memecoin $LIBRA just pumped 300%
$LIBRA Memecoin Surges 300% Amid Rumors of Political Cover-Up in Argentina
In a wild twist of crypto meets politics, the Solana-based memecoin $LIBRA has surged over 300%, reigniting debate over its controversial ties to Argentine President Javier Milei. The price pump comes just days after unconfirmed reports emerged claiming that Milei’s administration has shut down the ongoing investigation into the crypto scandal linked to the token.
$LIBRA first made headlines earlier this year after Milei allegedly promoted the token on social media. The hype pushed its market cap to a staggering $4.56 billion, before crashing over 90%, leading to allegations of a "rug pull". While Milei denied direct involvement claiming he merely "spread the word" investigations implicated close associates, including advisor Mauricio Novelli, in possible insider trading.
Critics in Congress even pushed for Milei’s impeachment, though efforts failed to gain traction. As of now, there is no official confirmation that the investigation has been halted, but crypto traders seem unfazed, piling into $LIBRA amid the speculation.
Whether this is political protection or just classic memecoin madness, the line between crypto hype and governance continues to blur in Argentina.
Disclaimer: Investors should exercise caution memecoins are notoriously volatile, and political drama only adds fuel to the speculative fire.
