argentina president meme coin Meme Generator

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The "Argentina President Meme Coin" refers to the controversy surrounding LIBRA, a meme cryptocurrency that briefly gained attention after Argentine President Javier Milei appeared to endorse it. On February 14, 2025, Milei shared a now-deleted post on X (formerly Twitter) promoting LIBRA, linking it to an initiative that claimed to support Argentina's economy. Following his endorsement, the token's market cap surged to $4.5 billion. However, concerns arose when blockchain analysts discovered that a few wallets controlled the majority of LIBRA's supply. Within hours, the token crashed by nearly 89%, with insiders reportedly cashing out around $107 million. Accusations of a pump-and-dump scheme led Milei to publicly distance himself from the project, stating he had not conducted proper due diligence before sharing it​.