The president of Argentina, Javier Milei, has retreated on a tweet that promotes a memory called Libra, which increased to a market capitalization of $ 4.4 billion before falling into more than 95%.
In a tweet now eliminated, Milei initially wrote: “This is a private project dedicated to encouraging the growth of the Argentine economy”, together with a solana contract direction linked to Token Libra.
Libra increased by more than 2,000% by 40 minutes after tweet, only to fall quickly when a group of early headlines began withdrawing.
X Kobeissiletter counts shared a series of Bubblemaps screen captures that show that the supposed “experts” supply tokens adding unilateral liquidity groups in Metora with only Libra, which allows them to eliminate Sun and Stablecoins.
The negotiation volume for Libra reached $ 1.1 billion after launch, although it seemed that purchases and sales were biased; There were 74,500 individual purchase orders and 28,900 sales, indicating that the largest sales orders flattened the burst of retail activity.
Later, Milei went to the failed memecoin in X, stating that “he was not aware of the details of the project.”
A few hours ago I published a tweet, like so many other infinite times, supporting an alleged private entrepreneurship from which I ignore I have no link.
I was not internalized from the details of the project and after having internalized I decided not to continue giving him …
– Javier Milei (@jmilei) February 15, 2025
“A few hours ago I published a tweet, since I have many other times, supporting an alleged private company with which I obviously have no connection,” Milei wrote. “I was not aware of the details of the project and after taking it into account, I decided not to continue spreading the word (that’s why I eliminated the tweet).”
The massive sale in Libra extended through the largest market of Memecoin, with Trump losing $ 500 million of its market capitalization, according to market data, in a period of 30 minutes after Libra began to fall.
