Muyao Shen reports that Argentina President Javier Milei’s brief foray into the world of memecoins is leaving a mark on the Solana blockchain that hosts many such tokens.

The Solana-based token LIBRA linked to Argentine President Javier Milei showed major market volatility through a quick spike followed by a steep decline in its value. Nansen Research data shows that value losses amounting to $251 million occurred from trading decisions made by 86% of participants.

LIBRA’s collapse triggered fraud claims, insider trading accusations, and calls for Argentine President Javier Milei’s impeachment.

Following Argentine President Milei's meme coin promotion, the epicenter of Solana’s so-called casino, Pump.fun, is showing signs of cooling.

Who's Behind President Milei's Solana Meme Coin? President Javier Milei faced backlash for promoting the Solana-based meme coin LIBRA before retracting his support. Key figures behind the launch include Julian Peh,

Argentina's President Javier Milei has faced impeachment threats after promoting LIBRA, which supposedly helps small businesses. The token surged to a market cap of around $4.5 bi

Argentina recently launched a coin called the LIBRA token, a Solana-based meme coin promoted by President Javier Milei that has sent shockwaves through the crypto market. Earlier, the token skyrocketed to a market cap of $4.

Argentine President Javier Milei has found himself in a meme coin mess. These four men are allegedly behind the Solana token, Libra.

President Milei reposts a tutorial on buying $LIBRA, drawing heavy criticism after the cryptocurrency's value crashed, leading to over $4 billion in losses.

Solana is the biggest casino for betting on meme coins, which attract a lot of capital from retail investors, making it an appealing place for shady schemes. It has a reputation as being the go-to blockchain for doing unethical and possibly illegal activities like pump-and-dump scams and insider trading. This is a bad reputation to have.

LIBRA’s collapse triggered fraud claims, insider trading accusations, and calls for Argentine President Javier Milei’s impeachment.

Javier Milei’s crypto stunt wiped out $251 million in trader losses overnight. The Argentine president endorsed a Solana-based memecoin, $LIBRA, on Friday, pushing its value to $4.5 billion before it collapsed.