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Memecoins have at all times been a mixture of leisure and hypothesis. Some begin as jokes and unexpectedly flip into multi-billion-dollar property, whereas others crash earlier than most buyers even notice what occurred.
However when high-profile figures — politicians, celebrities, and influencers — connect their names to those tokens, the stakes get even greater.
The latest $LIBRA scandal, involving Argentina’s President Javier Milei, is an ideal instance of how highly effective endorsements can create large monetary waves, typically leaving on a regular basis buyers holding the bag. Let’s discover why these massive names get entangled, how they form the market, and what classes buyers have to take from these occasions.
On February 14, 2025, President Javier Milei took to social media to advertise $LIBRA, a newly launched memecoin that promised to fund companies and stimulate Argentina’s financial system.
Inside hours, the token’s market cap soared to $4.5 billion — however simply as shortly, it crashed by over 90 p.c, leaving hundreds of buyers wrecked.
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