The President Javier Milei He surprised this Friday by publishing a message on his social networks, promoting a cryptocurrency called $ libra, an unusual action for a head of state and that aroused doubts among users. After the announcement, the cryptocurrency experienced an initial fury, reaching a peak of US $ 4,978, and then collapsed au $ 0,99159 dollars in a few hours.
“Liberal Argentina continues to grow !!! This private project aims to promote the development of the Argentine economy, financing small businesses and local enterprises. The world wants to invest in Argentina”was Milei’s message on his X account.
The publication was also replicated in its Instagram stories and contained a link to the website vivalibertadproject.com. In the site it is mentioned that “The living project La Libertad is to promote the Argentine economy through the financing of small projects and local companies, supporting those who seek to grow their businesses and contribute to the development of the country.”
The post awakened doubts among the users, who discussed each other a hacking to the presidential account or the dissemination of a crypto scam. However, the information was confirmed by the deputy of La Libertad advances, Lilia Lemoine, who was blunt in X: she was bluntly in X: “There was no hack …” And later he added: “To clarify … it wasn’t a hacking.”
The one who also referred to the subject was The militant of freedom advances, Daniel Parisinibetter known as El Gordo Dan, who was emboldened: “I put everything I have”.
The criticisms and astonishment of the crypto community
The trader Ornella Panizzaknown in networks like ‘Lady Market’, he said in X: “I hope they have hacked Milei’s account, because Libra was a giant scam. Two accounts have 70% of the offer, very rare. They need to give explanations.”
“I don’t know who was the skull that came up with this but he did huge damage.”he added.
From the @Lladoblevara_ account it was published: “We have a president who, blatantly, has just promoted a currency that stole millions of dollars from the people. Everything launched from a page created today. What a shame!”
Meanwhile, the lawyer Carlos Maslatón He also pronounced: “It is official, there was no hacking, he has confirmed his entire environment. Milei is directly involved in cryptographic fraud. He has crossed all moral limits, what he has just published is designed to steal. There is no doubt: there is no doubt: This is the cause of political trial. “
“If you cannot understand financial crimes of this magnitude, it cannot be president”added the once ally of Milei.
The reactions of the world of politics
The presidential action aroused the outrage of political leaders. One of them was Juan recordois who expressed in his X account. “Mr. President to promote a private company – which also paints Ponzi – from the Rivadavia armchair it is a serious ethic foul and probably a crime repressed by article 265 of the Criminal Code. Fiscal Telephone”he claimed.
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Meanwhile, the leader of the radical youth, Agustín Rombolá announced in the same social network that it will denounce the Head of State for violating the Public Ethics Law. “This Monday, I will file a complaint against @jmilei for violating article 2 of the Public Ethics Law, number 25188. The fuck is over for this chanta dressed as president. It will be justice. It will be democracy,” he said.
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Donald Trump’s history: he launched his own cryptocurrency with mass losses
The president of the United States, Donald Trump, announced on January 18, through his X account, the launch of his own memecoin, developed in the Red Solana. In less than a day, this cryptocurrency generated a volume of transactions of billions of dollars and experienced an increase of more than 500% in its value. However, the bubble exploded.
The New York Times reported mass losses of investors in Trump Memecoins. Citing data from the Blockchain Chainysis intelligence company, the report stressed that at least 813,000 cryptocurrency wallets lost a total of US $ 2,000 million after buying Trump.
Trump collapsed around 80% since it reached a maximum of US $ 72.60 on January 19, and its market capitalization was reduced from US $ 14,500 million au $ 3,000 million., According to data from data from Coingcko.
This announcement feeds the expectations that Trump implement more flexible regulations for cryptocurrencies, including the possible creation of a strategic reserve of Bitcoin for the United States Treasury. However, since it is a memecoin, the risks associated with its investment are high. It is crucial that investors carry out a detailed analysis before operating with this type of assets, since Memecoins are usually highly speculative And they lack solid technical foundations, which makes them vulnerable to various threats.
Among the most common risks are market manipulation strategies, such as “Pump and Dump”where the price of the token is artificially inflates and then collapsed. These practices may be related to groups that concentrate large amounts of the asset, encourage market interest and, when reaching a high price, sell their mass positions, causing a collapse in value. In the most extreme cases, This can lead to what is known as “rugpull”, where the price of memecoin falls to zeroleaving investors with total losses.
In the middle of the controversy, the commissioned of the SEC, Hester PeirceI declare that the official Trump token (Trump) of US President Donald Trump, do not enter the jurisdiction of the stock exchange and values and are not subject to their supervision.
Source: Ambito
I’m a recent graduate of the University of Missouri with a degree in journalism. I started working as a news reporter for 24 Hours World about two years ago, and I’ve been writing articles ever since. My main focus is automotive news, but I’ve also written about politics, lifestyle, and entertainment.
