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Argentinian President Promotes Memecoin. It Then Crashed 95% as Insiders Cashed Out
gwolf (Slashdot reader #26,339) writes: On Friday, February 14, Libertarian Argentinian president, Javier Milei, promoted the just-created $LIBRA cryptocoin, created by the Viva la libertad project, strongly aligned with his political party, La Libertad Avanza. Milei tweeted, "This private project w...
gwolf(Slashdot reader #26,339) writes: On Friday, February 14, Libertarian Argentinian president, Javier Milei, promoted the just-created $LIBRA cryptocoin, created by the Viva la libertad project, strongly aligned with his political party, La Libertad Avanza. Milei tweeted,"This private project will be devoted to promote growth of the Argentinian economy, funding small startups and enterprises. The cryptocoin quickly reached a $4.6 billion market cap... Only to instantaneously lose 89% of its value, with nine core investers pulling the rug from under the enthusiast investors.
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