❕ Argentina’s President Promotes LIBRA Meme Coin, Then It Crashes 89%

Argentina’s President Javier Milei shared a Solana-based meme coin, LIBRA, causing it to surge to a $4.5B market cap before crashing 89% within hours. While Milei confirmed the post was real, on-chain analysts flagged red flags, including large token holdings in a single wallet. Data suggests developers may have withdrawn $87M, accelerating the price drop.