Argentina has rocked the encryption market, and now Javier Millie may face isolation on the scales of the scale. Will they learn?
It was marketed as a special initiative to support small companies, the scale increased to the ceiling of a market worth $ 4.5 billion before it decreased to 200 million dollars.
Milei posted the scale on his official account x, claiming that it was a non -governmental project designed to help the Argentine economy, which is fighting.
However, doubts arose immediately, with a lot of questioning the legitimacy of the distinctive symbol. Within hours, those familiar with the disbursement of $ 87.4 million, leaving retailers with great losses.
The countrych room in the country suggested that the balance of the scale may be “rug withdrawal”, a plan that developers abandoned a project after taking advantage of its initial sales.
(source)
Millie’s upgrade to Argentina Mim Queen Libra Chefir ends in a disaster
The sudden deletion of the position of the position and claimed to be “unaware of the details” was only feeding on more controversy. His previous participation in the Coinx World Crypto scandal increased in 2022, where a fraud investment company approved criticism.
The opposition lawmakers, including Lendro Santoro, called for the dismissal, referring to international embarrassment and lack of financial responsibility.
The scale collapsed had wider effects than Argentina. The impact of the sudden liquidity drain on the broader MIM market, where more than 6 billion dollars were wiped in only three hours, just as the market seemed to be recovered.
Trump also witnessed a sharp decrease of $ 500 million in the market due to a decrease in liquidity – highlighting the potential new geopolitical battlefield in the Meme Coin area.
Within 3 hours of launch, in the familiarity in $ Libra The money started.
According to Bubblemaps, $ 87.4 million was spent within the first 3 hours.
Moreover, 82 % of $ Libra It was held in one group and the distinctive symbol code was not shared with the audience.
But it gets worse. pic.twitter.com/3wnpf4mhy2
Kobeissileter’s message February 15, 2025
The data on the Biblebleps series revealed that less than ten governorates controlled 82 % of the scale supplies, indicating a clear manipulation.
According to what was reported, the great owners organized the liquidity gathering movements on meteora, and the profits were extracted, while the retailers offered huge losses.
The repercussions of the Meme Coin market and the political consequences of the president of the Arentina supporter to Cyrypto Javier Milei
Despite the reverse reaction, Julian Bey, the founder of the KIP protocol and the alleged major character in the Libertad project (the team behind the scale), claimed that no money was sold. PEH insisted that the project was still continuing but failed to provide details on how to recover the investor confidence.
This catastrophe emphasizes an increasing problem within the coded currency area: the reckless intersection to reach celebrity technology and Blockchain technology.
When high -level characters such as Milei, Trump, or even Hawk Tuah Girl Hailey Welch have their name with speculative symbols, they nourish a dangerous cycle of investment that noise is held without accountability.
The rapid rise in the autumn and the autumn in the scale shows how the players benefit from the political credibility to manufacture short -term market pumps, which leads to the emptying of risks on the informed retail investors.
Moreover, this event is a blatant reminder that encryption is still a battle due to organizational uncertainty. Argentina’s lack of clear legal frameworks escalated about the digital assets of this crisis without deterrence.
While the global organizers are scrambling to address such violations, the Libyan collapse can accelerate the processes of repression on unauthorized symbolic promotions and put a precedent to hold public employees accountable for financial approvals – although there are initiatives from the new president of the SEC encryption unit indicating that Trump is clear In favor of now.
Meanwhile, at a cold weekend in Buenos Aires, and with legal and political pressure, she faces the credibility of Miley, her biggest test so far.
Whether he can stay away from this failure or still can be seen. However, the encryption market in Argentina is still shaking at the present time, and the investors are left to reeling from another high -level collapse.
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