The fallout from the weekend collapse of LIBRA, the meme coin endorsed and then disowned by Argentine President Javier Milei, continued to spread Monday morning.
Argentina’s stock market dipped by over 5% as trading opened, while Milei himself has been hit with fraud charges over the meme coin launch, and faces the possibility of impeachment. Solana crypto exchange Jupiter revealed that the launch of a token linked to Milei had been an “open secret” in meme coin circles, while asserting that there was no evidence of insider trading relating to the LIBRA launch among its team.
Meanwhile, blockchain sleuths claim to have uncovered on-chain evidence that links the LIBRA token’s issuers to the team behind MELANIA, the meme coin launched by U.S. First Lady Melania Trump.
Argentina Stock Market Tanks Following Milei Meme Coin Mess – Decrypt
Argentina's stock market took a dive after President Milei became embroiled in a scandal related to a meme coin that crashed in value.
Argentine President Milei Hit With Fraud Charges Over LIBRA Cryptocurrency: Report
Argentina's President Javier Milei deleted his promotional X post and disavowed the LIBRA project, but not before investors lost millions.
Solana Exchange Jupiter: LIBRA Launch ‘An Open Secret’ In Meme Coin Circles
An internal investigation by Jupiter found no evidence of “sniping” by employees around the launch of collapsed meme coin LIBRA, it said.
On-Chain Evidence Links LIBRA Token to MELANIA Meme Coin Issuers
Analytics platform Bubblemaps has uncovered shared wallet patterns connecting two high-profile meme coins that lost investors millions.
Simply Staking Adds Support for Berachain, Unlocking BGT Rewards
The company now has more than $1 billion in assets staked across the 50 protocols it supports, with Berachain the latest to be added.
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