Argentina's President Milei is in trouble! He promoted a meme coin, which is like a cryptocurrency based on a silly internet joke. It went up in price really fast, then crashed. Many people lost money.
- A meme coin called $LIBRA shot up in value after President Milei talked about it.
- Then, the price quickly dropped, and many people lost their money. This is called a 'rug pull'.
- Some people are saying President Milei might have done something wrong.
- Other meme coins, like ones linked to the Trumps, also had big price increases followed by big drops.
| Fact | Detail |
|---|---|
| $LIBRA's initial market value | Over $4 billion |
| Price change | Soared, then crashed |
| President Milei's action | Deleted his post about $LIBRA after the crash |
| Investigation | A formal probe is underway |
