86% of traders lost money on Javier Milei-endorsed memecoin

Argentine President Javier Milei endorsed a memecoin that lost $4 billion in hours. Now a judge is investigating him for fraud
Milei’s memecoin foray has led to a flood of finger-pointing over who was responsible for the cryptocurrency’s crash.
Advertised by Javier Milei: Almost all traders have lost $Libra with memecoin
After Argentina's president advertised a memecoin, the value briefly rose massively. Now an analysis shows who benefited from this.
Memecoin Scandal Threatens Argentine President Javier Milei
Argentinian president Javier Milei is facing calls for impeachment and a possible criminal investigation for his role in the rise and fast collapse of a memecoin.
Javier Milei’s Crypto Scandal Led to Losses for 86% of Traders
An estimated 86% of crypto traders that took positions in a memecoin endorsed by Argentine President Javier Milei on Friday ended up losing money, according to research firm Nansen.
Libra crypto scandal: 86% of traders lost money on Javier Milei-endorsed memecoin
Argentina’s President Javier Milei has found himself at the center of a cryptocurrency scandal after a token he promoted, Libra, led to massive losses for retail traders. Research firm Nansen estimates that 86% of those who invested in the memecoin lost money,
86% of crypto traders lost money to president Javier Milei’s rug pull
Javier Milei’s crypto stunt wiped out $251 million in trader losses overnight. The Argentine president endorsed a Solana-based memecoin, $LIBRA, on Friday, pushing its value to $4.5 billion before it collapsed.
What the memecoin bubble bursting means for crypto
To unpack what this all means for the broader industry, Coinage sat down with Ikigai Asset Management founder Travis Kling, ...
CoinDesk1d
Memecoin Craze Is 'Unquestionably Over' as Crypto Heads Towards Maturation, Nic Carter Says
The memecoin market, once pitched as a "fair launch" opportunity for traders, has been exposed as a rigged game, Carter said.
Dave Portnoy’s ‘Greed’ memecoin launch, dump leaves crypto community fuming
Some cryptocurrency traders saw their investments collapse this week after Barstool Sports founder Dave Portnoy launched a coin, promoted it, and then swiftly sold his shares, in a move that has ...
What’s worse than Binance ex-CEO's broccoli? The ongoing memecoin problem
CZ’s post reignited the meme coin mania, highlighting the ongoing cycle of speculation, hype, and financial risk in the ...
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CoinDesk Indices Launches CoinDesk 100, Memecoin Index in Industry Boost
Crypto exchange Bullish has listed perpetual futures on both indices, allowing traders to gain exposure to these benchmarks ...
Will Argentinian President Milei's Crypto 'Fiasco' Be a Deathblow for Memecoin Craze?
LIBRA, a Solana-based project that President of Argentina Javier Milei tweeted about on Feb. 14, saw its market cap rise as ...
Argentina Scandal Fuels Selloff on Favorite Memecoin Platform
The Solana cryptocurrency sank to the lowest level since early November as the president of Argentina became embroiled in a ...
Coinbase CEO Brian Armstrong Labels Bitcoin as “Somewhat of a Memecoin”
CEO Brian Armstrong threw an unexpected perspective into the crypto conversation, arguing that even Bitcoin is “somewhat a meme ...