Will Argentinian President Milei's Crypto 'Fiasco' be a Deathblow for Memecoin Craze?

Coin Desk

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Will Argentinian President Milei's Crypto 'Fiasco' be a Deathblow for Memecoin Craze?

The latest frenzy that started with U.S. President Donald Trump’s TRUMP memecoin launch and saw traders making and losing millions within minutes, might have finally come crashing down with the LIBRA token fiasco. LIBRA, a Solana-based project that President of Argentina Javier Milei tweeted about on Feb. 14, saw its market cap rise as high... The post Will Argentinian President Milei’s Crypto ‘Fiasco’ be a Deathblow for Memecoin Craze? appeared…

Marianne

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On Friday, February 14, the President of Argentina promoted on X a new cryptocurrency called $LIBRA, whose course collapsed in just 24 hours. Considered a "digital scam", this more than questionable promotion provoked a real outcry in Argentina.

CryptoPanic

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Bits + Bips: Could the LIBRA Scandal End the Memecoin Craze?

The $LIBRA token launch was a disaster—insider trading, price manipulation, and yet another memecoin scandal. But does this mean the memecoin era is over?This week, James Seyffart, Joe McCann, Ram Ahluwalia, and Noelle Acheson break down the fallout from the $LIBRA launch, what it means for...

Blockworks

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Crypto market no longer able to separate memecoins from Solana

This is a segment from the Empire newsletter. To read full editions, subscribe. Kanye West. J.K. Rowling. Woody Allen. Some find it nearly impossible to separate art from artist. Crypto markets are struggling with something similar about Solana. While there are all sorts of use cases for the chain that don’t have anything to do with highly manipulated memecoins, SOL is still getting punished for the LIBRA debacle — which all happened on Solana. …

Handelszeitung

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After the stock market crash in Buenos Aires, a judge is now investigating the president, who is addressing the people in a TV interview.

investincryptonews.com

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Argentina president Javier Milei claims LIBRA memecoin fallout is ‘a private matter’ - Invest In Crypto News

Argentina’s President Javier Milei has denied endorsing the controversial LIBRA memecoin, a project that triggered massive investor losses. In a Feb. 17 interview, Milei addressed the situation, stating that he did not actively promote the token but merely shared information about it. He maintained that he acted in good faith and had nothing to hide. He said: “I didn’t promote it, I shared it…I acted in good faith and took a hit.” The LIBRA tok…