In February 2025, Argentine President Javier Milei promoted a cryptocurrency called $LIBRA, causing its value to surge from $0.000001 to $5.20 within 40 minutes. However, shortly after, the coin’s value plummeted by 85%, leading to allegations of a “rug pull” scam. Over 74,000 investors suffered losses totaling approximately $250 million. The incident has sparked political turmoil and legal investigations in Argentina. 
