How Milei Reignited the LIBRA Hype and What Followed
Argentina President Javier Milei reignites the controversy over Libra tokens with a tutorial on buying Libra tokens on social platform X (formerly Twitter).
This is after he previously withdrew the promotion of the tokens after he cashed in more than $100 million.
President Milei re-releases Libra purchase tutorial
Earlier, Miley claimed He doesn’t know the details of the project And deleted his initial post after learning more. Despite his advance withdrawal, Miley reposted a tutorial from X users.
This tutorial outlines five steps to buy Libra tokens. Additionally, it mentions that the process takes about 2 hours.
However, the original creator of the tweet additional Clarification, Miley reposted again. He stressed that the sole purpose of the post was to emphasize the difficulties of ordinary people Buy this meme coinno Acknowledge or recommend.
“I just wanted to clarify that small investors have less knowledge and therefore no knowledge.” clarify.
Still, Libra tokens have experienced a dramatic 60% after Miley’s re-release price Influence. However, the gains are temporary and Libra will dip soon. At press time, it traded for $0.35.
bHowever, Rief Uptick has sparked a new wave of price manipulation. A X user tip The person who profited from the initial pump and the initial pump and dump of Libra appeared again. He made a quick profit of $496,837 in just 47 minutes.
data Further reveal from Lookonchain that the wallet is “Goofyah.sol”, he spent $5 million to buy 10.4 million Libra tokens at USDC. The wallet’s profit was not realized at $2.8 million.
Soon after, the same wallet sold its shares, making a profit of about $497,000. This man had previously earned $1.65 million from Libra, proving the rapid growth of this speculative move in the market.
Miley and David settle charges
Meanwhile, the controversy surrounding Libra tokens has intensified other scrutiny of Miley and other involvement. The Anti-Corruption Office in Argentina (OA) has A survey was conducted Enter this matter.
In addition, more than 100 criminal proceedings have been filed against Miley and its affiliates. Opposition MPs are even pushing for impeachment.
and, U.S. attorneys are reportedly considering charges Due to the participation of American Hayden Davis. Davis, CEO of Kelsier Ventures, has been identified as the main entity behind it Libra meme coins.
Despite this, Davis and Millie continued to defend their actions despite criticism. Davis talked about the token’s crash in an interview. Mark the Libra as Carpet tension is objectively inaccurate.
He stressed that the bond still has a lot of liquidity curvewith a margin of about $60 million. This supports a $300 million market capitalization, he said.
“This is not a carpet. It’s $100 million in my custodian’s account, and it’s a miserable plan,” Davis said. Comment.
Miley also continues to deny any wrongdoing. In a recent interview, he claimed He simply shared information that he thought would benefit Argentine entrepreneurs.
“I didn’t promote it, I spread it,” he said.
However, his defense further backfired.
“If the Chairman is unwilling to promote > $100 million pumps and dumps, be prepared because the real crime season will start to kick off,” he said. Write Crypto analyst Alex Krüger on X.
As investigations and legal actions progress, the Libra token scandal remains a major politics, Argentina’s financial flashpoint.
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