Libra, Controversial meme coins originally promoted by the Argentine president Javier Mileya sharp sprung on Monday in response to the leader’s purchase tutorial on reissueing the token on X.
what happened: Milei republishes the message of one of his major economic advisers Dario Epstein, He tried to explain the complexity of the average Argentinian buying tokens. This post outlines the steps required to “How to Buy Libra”.
The translated post read: “The sole purpose of this tweet is to show that it is not easy for a regular person to buy the instrument or meme coin. It is not an endorsement, tutorial or advice.”
However, re-promotion is ultimately seen as recognition by some, Solana SOL/USDAccording to CoinMarketCap, the token-based growth has exceeded 18% in the past 24 hours, with an intraday high of $0.756. Coins trading volume increased by 332%.
See: Planb transfers Bitcoin holdings to ETFs, saying he is no longer “extra-long” – Peter Schiff reacts: Apex Crypto “does not achieve its supposed purpose”
Why it matters: Milei has come under fire for promoting pumps and dot coin that destroyed millions of investors’ wealth over the weekend. The coin fell 64% from its peak.
Opposition leaders called on the president’s improper each to resolve allegations of corruption related to the launch. In addition, Argentine lawyers filed a lawsuit against Milei in criminal court.
The President’s Office has ordered an investigation into whether any member of the national government, including the President himself, has committed misconduct.
Controversy deepens after Chain Detective accuses of potential connections between the teams behind the team, Melania official Melania/USD The symbol of the first lady Melania Trump and Libra tokens, providing evidence of internal transactions.
Argentina’s stock market has been hit by development. S&P index, This tracked the country’s largest company’s results, closing 5.58% on Monday.
Bensinga’s opinion: As Libra Legend says, investing in meme coins and cryptocurrencies can sometimes be highly speculative and involve significant risks. Some meme coins lack intrinsic value and are driven by market sentiment, social media trends, and speculative trading. Prices can be very volatile and may lead to investment losses.
Photo by Igor Faun on Shutterstock
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