February 19, 2025
Javier Milei Backtracks on $ 4.4b Memecoin After 'Insiders' Pocket $ 87M thumbnail
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Javier Milei Backtracks on $ 4.4b Memecoin After ‘Insiders’ Pocket $ 87M

Milei Deleted His Original Promocial Tweet and Revealed That HE WASN’T Aware of ITS DETAILS.”, – WRITE: www.coindesk.com

Milei Deleted His Original Promocial Tweet and Revealed That HE WASN’T Aware of ITS DETAILS. Feb 15, 2025, 10:58 AM UTC

Argentina’s President Javier Milei Has BacktraCarded On a Tweet Promoting A Memecoin Called Libra, WHICH ROSE TO A $ 4.4 Billion Market Cap Before Plunging by More.

In a now-deleted Tweet, Milei Initially Wrote: “This is a Private Project Dedicated to encouraging the growth of the argentine economy,” Along with a theater.

Libra rose by more than 2,000% in a 40-minute span folllowing the Tweet, only to Tumble Rapidly as A Group of Early Holders Began to Cash Out.

X Access Kobeisiletter Shared a Series of Bubblemaps Screenshots Showing that Alleged “Liquidate Tokens by Adving One-Sided Liquing Pools on Metra, Al Libra, Al Liquing.

Trading Volume for Libra Hit $ 1.1 Billion After Launch, Although It Appeared that Purchases and Sales Were Skewed; There Were 74,500 Individual Buy Orders and 28.900 Sales – Indicating that Larger Sell Orders Flatten the Flurry of Retail Activity.

Milei Later Addressed the Botched Memecoin on X, Stating That He “Was Not Aware of the Details of the Project.”

Hace Unas Horas Publiqué un tweet, como tantas otras infinitas vecs, Apoyando un supuestomprendimiendimiento privado del Que Obviamente no tengo vinculación alguna.

No Estaba Interiorizado de Los Pormenores del Proyecto y luego de Haberme interiorizado decidio no seguir dándole …

– Javier Milei (@jmilei) February 15, 2025

“A FEW HOURS AGO I POSTED A TWEET, AS I HAVE SO MANY Other Times, Supporting A Supped Private Enterprise With Wich I Obvioously HAVE NO CONNECTION WRONEVER. “I WAS NOT AWARD OF THE DETAILS OF THE PROJECT AND AFTER HAVING BECOME Aware of It I DECIDED NOT TO Continue Spreading The Word (that is Who and Deleted the Tweet).”

The Sell-Off In Libra Rippled Across The Wider Memocoin Market, With Trump Lozing $ 500 Million From Its Market Cap, Accounting To Market Data, In A 30-Minnet Period After Launch.

Oliver KnightOliver Knight is the Co-LEADER OF COINDESK DATA TOKENS AND DATA TEAM. Before joining coindesk in 2022 Oliver Spen Three Years As the Chief Reporter at Coin Riveet. He First Started Investing in Bitcoin in 2013 and Spen A Period of His Career Working at A Market Making Firm in the UK. He does not currently have any crypto holdings.

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Oliver Knight

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