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
Changpeng Zhao (CZ), the founder of Binance, has promised to donate 150 BNB, or roughly $100,000, to the victims of the LIBRA memecoin scam as a gesture of support. CZ’s action came in response to a college student named EnHeng announcing their plan to donate $50,000 and raise additional funds to aid the victims. Deeply … Read more
The resignation of Meteora’s co-founder Ben Chow adds another twist to the LIBRA memecoin saga. Argentinan president Javier Milei thought he was Argentina’s Trump and could scam his fans, but the pyramid turned out to be much smaller than anticipated. Now people will see jail time. Et tu Solana? Ain’t no way these people aren’t … Read more
Argentina’s Political Turmoil and the LIBRA Token Controversy Argentina’s political landscape has been shaken following opposition leaders’ threats to impeach President Javier Milei over a controversial tweet referencing the LIBRA token. As reported by Reuters, the tweet has ignited debates over the role of cryptocurrencies in governance and policymaking. This upheaval creates both challenges and … Read more
Argentina meme coin news has rocked the crypto market, and now Javier Milei might face impeachment over LIBRA crypto. Will they ever learn? Marketed as a private initiative to support small businesses, LIBRA surged to a $4.5 billion market cap before crashing to $200 million. Milei posted about LIBRA on his official X account, claiming … Read more