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Argentina's president retracts memecoin endorsement after insider cash-out triggers 95% crash
The saga began when Milei, known for his crypto-friendly stance, took to social media to promote $LIBRA, touting it as a project dedicated to encouraging the growth...
Facepalm: You don't often hear an elected head of a country promoting a cryptocurrency, much less a memecoin, but that's exactly what Argentine President Javier Milei has done – and you can imagine how it turned out. The saga began when Milei, known for his crypto-friendly stance, took to social media to promote $LIBRA, touting it as a project dedicated to encouraging the growth of the Argentine economy by funding small local businesses. To the filthy rats of the political caste who want to take advantage of this situation to do harm, I want to say that every day they confirm how vile politicians are, and they increase our conviction to kick them in the ass," he wrote in Spanish.
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