Argentinas

Argentina’s LIBRA meme coin crashes, erasing $4.4b after controversial Milei post

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Milei’s meme madness dampens Argentine stock market

The Solana-based LIBRA token, initially promoted by Argentinian President Javier Milei, collapsed within hours of its launch. The collapse wiped out $4.4 billion in market capitalization and affected the overall meme coin market. The incident began with Milei’s social media post at 5:01 PM ET, promoting a token purportedly aimed at “boosting the Argentine economy … Read more

Argentina’s Reverse Midas Touch With Currency: Why is Crypto Down Today?

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Crypto is down today, one event in Argentina with the involvement of President Milei and Hayden Davis liquidated the market by using LIBRA.

Oh no, the crypto market is down and keeps dipping even after a small recovery. A series of unfortunate events, including statements and actions by Argentina President Javier Milei, have contributed to this fall. Milei and Hayden Davis with LIBRA did us a reverse Midas touch and liquidated even big retail players. Today, the crypto … Read more