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LIBRA memecoin – $4B wiped out as Argentina’s President denies promoting ‘scam’

- Argentina’s President denied knowing that the LIBRA project was a scam
- Over $4 billion were wiped out from the LIBRA market, accelerated by insiders’ cash out 

Argentinian President Javier Milei is in the news today after he denied knowing that the LIBRA memecoin he initially promoted is a scam project. Within seven hours of its launch, the memecoin dropped by 96% on the charts, wiping out over $4 billion in market cap. 

In a post on X, the President stated that he didn’t have a connection with the team behind the LIBRA. He also mentioned that he stopped promoting it after he became “aware of its details.”

LIBRA memecoin – $4B wiped out as Argentina’s President denies promoting ‘scam’

- Argentina’s President denied knowing that the LIBRA project was a scam
- Over $4 billion were wiped out from the LIBRA market, accelerated by insiders’ cash out 

Argentinian President Javier Milei is in the news today after he denied knowing that the LIBRA memecoin he initially promoted is a scam project. Within seven hours of its launch, the memecoin dropped by 96% on the charts, wiping out over $4 billion in market cap. 

In a post on X, the President stated that he didn’t have a connection with the team behind the LIBRA. He also mentioned that he stopped promoting it after he became “aware of its details.”

https://ambcrypto.com/libra-memecoin-4b-wiped-out-as-argentinas-president-denies-promoting-scam/