Argentina President Javier Milei Continues to Retweet About LIBRA While Controversy Remains Tensions
Key Points:
- Argentina President Javier Milei continues to draw attention by retweeting hints about the LIBRA token, despite ongoing scrutiny.
- Critics have called for Milei’s impeachment, and legal complaints of fraud have been filed.
According to the recent update, Argentina President Javier Milei has continued to retweet hints about the LIBRA token while the questions about him have not yet subsided.
Read more: LIBRA Token Sparks Scam Suspicions After Being Promoted by Argentine President
President Javier Milei Continues to Stir Controversy with Retweet About LIBRA
A recent retweet by President Javier Milei, as seen by Coincu, shows him referring to the post by Argentine economic and political commentator Dario Epstein about the LIBRA token purchase process. Epstein commented:
“The only purpose of this tweet is to show that it was not easy for a common person to buy this instrument or memecoin.”
It is still unclear what Milei’s intentions were when retweeting this post, but he is currently facing criticism from the community for promoting LIBRA tokens.
President Javier Milei is under intense scrutiny following his promotion of the LIBRA cryptocurrency on social media, which has sparked both legal action and calls for impeachment.
The controversy began on February 16 when Milei shared a post about the LIBRA token, which he claimed would help fund small businesses and startups. The tweet, shared on X, included a link to purchase the token.
The link resulted in a surge in the token’s price, but within hours, Milei deleted the post, causing the cryptocurrency to plummet in value and leaving investors with significant losses.
Critics have accused the president of orchestrating a “rug pull,” a scam in which promoters attract buyers before halting trading to cash out. Concerns over the legitimacy of the token have been fueled by on-chain analysis, which suggests possible insider trading and price manipulation.
LIBRA Token Collapse Triggers Market Downturn in Argentina
The promotion of LIBRA has led to calls from some members of Argentina’s Congress for impeachment proceedings to be initiated against Milei. Additionally, legal complaints of fraud were filed in Argentina’s criminal court shortly after the incident.
In response, the presidential office clarified that the post was removed to prevent further speculation following public backlash. Despite this explanation, Milei’s endorsement of the cryptocurrency has continued to stir controversy, with many questioning his intentions and actions.
Argentina’s S&P Merval index dropped by more than 3% on February 17, a day after the LIBRA token’s market capitalization briefly hit $4.5 billion before its sharp decline.
| DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
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