GhosmaR
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#MileiMemeCoinControversy
$pound
MILEI COULD BE IMPEACHED?
Milei may now face the risk of impeachment, after Argentina's Chamber of Finance acknowledged that the case may be a rug pull.
"This scandal, which embarrasses us on an international scale, forces us to launch a request for impeachment against the president," opposition lawmaker Leandro Santoro told Reuters, according to a report on Feb. 16.
Following the token's collapse on Feb. 15, Milei issued a statement on X, noting that he was unaware of the details of the project when he backed it and that he has "no connection whatsoever" with the "private company" that launched the token.
The Argentine president is now facing calls for his impeachment after backing the cryptocurrency project that collapsed in what analysts are calling a massive insider trading scam.
The Libra token (LIBRA), originally from Solana, began its rally on Feb. 14, shortly after Milei posted about the project on X. Her now-deleted post included a website and contract address for the token, which was a “private project” dedicated to “fostering the growth of the Argentine economy.”
The Libra token briefly rose to a peak market cap of $4.56 billion at 10:30 p.m. UTC on Feb. 14 before falling more than 94% to a market cap of $257 million in just 11 hours since the token debuted for trading on decentralized exchanges, according to data from Dexscreener.
Despite Milei removing her initial endorsement, at least eight internal wallets linked to the Libra team managed to cash out more than $107 million in liquidity.
Insider wallets began withdrawing the token just three hours after its debut on the exchange, causing it to drop by more than 94%, according to data shared by Kobeissi Letter.
$pound
MILEI COULD BE IMPEACHED?
Milei may now face the risk of impeachment, after Argentina's Chamber of Finance acknowledged that the case may be a rug pull.
"This scandal, which embarrasses us on an international scale, forces us to launch a request for impeachment against the president," opposition lawmaker Leandro Santoro told Reuters, according to a report on Feb. 16.
Following the token's collapse on Feb. 15, Milei issued a statement on X, noting that he was unaware of the details of the project when he backed it and that he has "no connection whatsoever" with the "private company" that launched the token.
The Argentine president is now facing calls for his impeachment after backing the cryptocurrency project that collapsed in what analysts are calling a massive insider trading scam.
The Libra token (LIBRA), originally from Solana, began its rally on Feb. 14, shortly after Milei posted about the project on X. Her now-deleted post included a website and contract address for the token, which was a “private project” dedicated to “fostering the growth of the Argentine economy.”
The Libra token briefly rose to a peak market cap of $4.56 billion at 10:30 p.m. UTC on Feb. 14 before falling more than 94% to a market cap of $257 million in just 11 hours since the token debuted for trading on decentralized exchanges, according to data from Dexscreener.
Despite Milei removing her initial endorsement, at least eight internal wallets linked to the Libra team managed to cash out more than $107 million in liquidity.
Insider wallets began withdrawing the token just three hours after its debut on the exchange, causing it to drop by more than 94%, according to data shared by Kobeissi Letter.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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