Big news in Argentina! President Milei promoted a new cryptocurrency called Libra. It went up super fast, then crashed quickly. This caused a big scandal called "Libragate." Many people think it was a trick to make money quickly.
- President Milei tweeted about Libra, making its price jump.
- The price went from almost nothing to over $4.50, then crashed below $20 cents in hours.
- People who invested lost a lot of money and are angry.
- There are accusations of a "pump and dump," meaning the price was artificially raised then crashed.
- Some people are calling for President Milei to be removed from office.
| Fact | Detail |
|---|---|
| Libra's highest price | Over $4.50 |
| Libra's lowest price | Below $0.20 |
| Time of crash | Within 5 hours |
| Money involved | $100 million (allegedly) |
