🇦🇷🍿 #LIBRA Argentinian President Javier Milei has landed in hot water with the launch of the memecoin LIBRA, which could become one of the largest rug pulls in history.
Hastily assembled with a funding application leading to a Google form and a domain purchased just hours before launch, valid for one year.
At its peak, the project's market capitalization reached $4.5 billion, with a trading volume of $1.1 billion. Insiders withdrew $87.4 million in the first three hours, causing a vertical price drop.
Seller transactions constituted only 27% of the total, indicating retail buyers were heavily impacted.
Milei removed the initial post and claimed he was supporting a private project he knew nothing about. Referred to the authors of the scam as "dirty rats." #LIBRA
📊📈 #CPOOL The Clearpool protocol currently leads the Flare ecosystem by TVL, highlighting real-world (#RWA's) assets as the largest #DeFi segment on the network.
Linea #DeFi ecosystem TVL – $333M, with a 0.87% growth in the last 30 days. Leading the ecosystem are ZeroLend ($65.3M), Renzo ($59.2M), and Stargate ($57.1M). #ZERO #REZ #STG #TBA
📊👀 #ADA Santiment: Cardano's market cap has increased by 11% while most cryptocurrencies have declined. Whales and sharks continue to accumulate large amounts of ADA, adding 1.41 billion coins since late November 2023.$ADA
🤓 #BTC is not the first attempt at creating cryptocurrency. The idea has existed for years, with blockchain technology finally enabling its realization. This marks a pivotal moment in the evolution of digital assets. $BTC
📊🤔 #BTC C.Q.: All you need to know about this bull cycle: since reaching $28K, address activity has dropped into negative territory. In other words, the majority of the network is in HODL mode, which by May 2025 will have lasted for two years. $BTC
👀 #XRP #SOL #LTC The U.S. Securities and Exchange Commission has made several updates on existing crypto-related ETF applications. The regulator acknowledged Grayscale's Solana and Litecoin ETF application as well as BlackRock's proposal to allow for in-kind creations & redemptions on iShares Bitcoin ETF. coindesk.com$XRP