Memecoins have at all times been a mixture of leisure and hypothesis. Some begin as jokes and unexpectedly flip into multi-billion-dollar belongings, whereas others crash earlier than most buyers even understand what occurred.
However when high-profile figures — politicians, celebrities, and influencers — connect their names to those tokens, the stakes get even greater.
The current $LIBRA scandal, involving Argentina’s President Javier Milei, is an ideal instance of how highly effective endorsements can create huge monetary waves, usually 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 economic 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 1000’s of buyers wrecked.