Argentine President Javier Miley is said to be aiming to support small businesses after approving a cryptocurrency called Libra, and instead billions It is said that the dollar has lost its value.
In a later post on Friday at X, Milei promoted Libra as a personalized project designed to raise funds for small and medium-sized Argentinian companies, and from the project to personalized He added that he cannot bear to make a profit.
The tokens surged rapidly to a market capitalization of around $4.5 billion amid a confusion over the legitimacy of Myray's tweets.
Milei deleted the post five hours later, saying that he “don't notice any details about the project” and now chose not to continue promoting it.
The market then paniced, with Insiders winning tokens worth $87.4 million, according to Kobeissi's letter and Bubblemaps. The token's market capitalization crashed 90%, with the market capitalization exceeding $4 billion.
The country's Fintech office said the Libra incident could potentially become a “ragpur,” and the developers abandoned the project after taking in cash from the initial sale.
“This scandal makes us embarrassed on an international scale, but we need to launch a request for each ammo to the president,” said Leandro Santoro, a member of the Agentine opposition coalition, on Saturday, according to Reuters. He spoke to.
