Argentina’s Meme Meme Libra Crashes, Delete 4.4 B After Controversial Miley Post

Important important Libene Solanes, initially promoted Argentine President Javier Miley, crashed within hours of launch.

The collapse deleted $ 4.4 billion in market capitalization and influenced the total memes.

The incident began with Miley’s social media at 17:01 ET, promoting the token allegedly intended for “increasing the Argentine economy by financing small projects.” The project site, created only a few hours before launch, included Google application financing form, but detailed tokenomy or transparent ownership information was lacking.

The chain analysis revealed the concentrated insider activity, with 82% of the wax tokens held in one cluster. According to the BubbleMaps, the insiders pulled out 87.4 million dollars in the first three hours through strategic liquidity manipulations. The team used the meteor of unique liquidity pools instead of direct market sales, removing USD and salt, while the price dropped over 90%.

Detailed wallet analysis by Ember CN followed Multiple coordinated trade:

• One address has converted a million USDC in profit of $ 8.58 million
• Another One Converted $ 1.1 Million US $ 6.45m
• The third wallet turned $ 500,000 in $ 5.15 million

Fast collapse has influenced the total crypto market, with even Trump Memen, which is experiencing a sharp decline. Over 50,000 wallets gained Vibra tokens within two hours of launch, while the total losses on the market crossed 6 billion dollars during three-hour falls falling down.

Miley later distanced himself from the project, deleted his initial post and claimed that “not aware of the details”. He characterized the incident as an attempt to “dirty rats of political caste” to discredit him.

Analysts on the chain later confirmed The library team allocated a total of 107 million dollars, and eight wallets accumulate 57.6 million USDs and 249,671 salt ($ 49.7 million) through liquidity manipulation and compensation requirements. The event indicates one of the largest and fastest collapses in the history of the coin of memories.