Argentine President Miley who faces ridicule after promoting cryptocurrency whose value is a tenant

Argentine President Javier Miley is facing a language for sending criticism, including some mockery calls, after promoting a new cryptocurious on its social media account.

In the feature of the underlying position in KS, 14. February, Miley shared a connection where users could buy cryptocurrency called $ scale, connected to a new initiative related to a new initiative under Project name website Indicates that the funds from the coin launch is designed to support Argentine companies.

Miley marked a coin in his post and the project would help economics in the country and small businesses.

Shortly after launch, the price of a coin rose with about $ 0.22 at more than $ 5. However, within an hour of starting, customers began notice the sale of wounded customers, and the price has placed about 70%.

According to Crypto Analytics, company lookchainEight digital wallets associated with early coins are cashed in total 107 million dollars, while the data that reported with the news site Cripto Icobonch He showed about 60 individual traders who have lost more than $ 500,000, while 24 merchants lost at least a million dollars.

Today is the Coin Vaga worth about $ 0.30 towards coinmarketcap.com.

The time line of events led to social media charges that the developers of Coinova or those with early project awareness, executed “mats” at later customers, who knew they could sell at a higher price.

Representatives for the project did not respond to a comment request.

The situation drew some parallels with President Donald Trump Promotion of Cryptocurrency immediately before laying the function; That coin, Trump, fell worth about 80% to about $ 16 from her immediate high post-launch almost $ 78.

However, although the early supporters of Trump Coin also saw great working precipitation, the project was more transparent about its ownership structure.

In the post in KS, Haiden Davis, Americans, denied allegations of injustices in initiating the scales and the accused Miley and the project was sent to the project.

“It is crucial to recognize that memory investments are initiated by confidence and approval,” Davis wrote. “When Miley and his team erased their posts, investors who bought a token in his approval, felt released. It led to the wave of sales panic, further exacerbating the situation. The sudden loss of trust had a catastrophic impact on stability in the token market. “

Davis did not answer the request for additional comment.

On Saturday, Milei’s official account published a lengthy description of what happened, stating that Miley has since called on the Anti-Corruption Investigator Argentina himself to consider in connection with the issue, including the President’s action.

In the television interview Monday, Miley admitted that he was probably wrong in the coin promotion.

“I’m a techno-optimist… And it suggested to me as an instrument for helping Argentine project funds,” he said According to financial time. “It’s true that in trying to help these argentines, I took a slap in my face.”

His office said that as he met twice with project representatives, he was never involved in his development.

“The most interesting lesson is it… I have to set up more filters, it cannot be so easy for people to reach me,” Miley said in the interview.

While some analysts say that enough votes for the passage of articles for ridicule may be unlikely, Miley’s opposition is already going on an incident, with one coalition that calls it “President-free scandal” and the second group for creating an independent commission, According to the New York Times.

Miley was the first foreign leader who confronted Trump after November elections and developed what some named a “Bromance” with an elon musk. Miley inserted the new Government agency, the Ministry of Deregulation and State Transformation, last year, which has parallels with the Department of the Government in Moch.

Miley was in December 20. December 2023. she promised to deal with long-term inflation of her country. Although some progress has been reached, the country’s poverty rate has also been increased.