🚨 The $85M Crypto Rug That Shook Argentina: The Untold Story of Milei’s Token Scandal 🚨
Argentine President Javier Milei just found himself at the center of a crypto catastrophe. His viral endorsement of $LIBRA sent the token skyrocketing to a $4.6B market cap, only for it to crash below $120M within hours. $87M vanished. Investors were left in ruins. And now, the truth is coming out.
Was this a brilliant political maneuver gone wrong? Or a coordinated financial heist disguised as innovation?
Here’s how it all unraveled… 👇
A Handshake with Destiny
It started with Julian, a tech entrepreneur with a grand vision: a national crypto token to empower small businesses and revolutionize Argentina’s economy. At a forum in Buenos Aires, he pitched his idea to Milei himself—a handshake, a photo, and a promise of innovation.
Then came the tweet that changed everything.
Milei posted from his official account:
📢 “The world is ready to invest in Argentina.”
That was the trigger. The token launched, and within an hour, FOMO took over. Millions poured in, sending the market cap to $4 billion. Traders believed they were buying a stake in Argentina’s future. But behind the scenes, the setup was already in motion.
The Rug Pull Heard Around the World
Hidden in plain sight was a terrifying truth: 82% of the supply was controlled by a single entity.
🚨 Then the dump began. A massive sell-off wiped out liquidity, leaving retail investors with nothing but worthless bags. The market imploded, and in minutes, $87M disappeared into the abyss.
And just like that, Argentina’s first crypto-fueled scandal was born.
Fallout: Scandal, Impeachment Calls, and Market Chaos
Milei quickly denied involvement, distancing himself from the disaster. But the damage was done. The global spotlight was now on Argentina’s unstable crypto policies, spooking investors and threatening an already fragile economy.
Now, lawmakers are calling for Milei’s impeachment, while crypto enthusiasts worldwide wonder:
📉 Was this a reckless experiment?
💰 Or was it a masterfully executed exit scam?
Either way, this is more than just a rug pull—it could be the turning point for crypto regulations in Argentina and beyond.
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