However, shortly after, the coin’s value crashed dramatically, wiping out over $4 billion in market capitalization and causing significant losses for approximately 74,000 investors. Following the collapse, Milei deleted his posts and denied any direct involvement with the project, claiming that his endorsement was based on incomplete information. However, his statement did little to calm the backlash. Political opponents accused him of being involved in a fraud scheme and called for his impeachment. Additionally, more than 110 legal complaints have been filed against him, alleging fraud and misconduct in office.