News Score: Score the News, Sort the News, Rewrite the Headlines

Javier Milei Backtracks on $4.4B Memecoin After 'Insiders' Pocket $87M

Milei deleted his original promotional tweet and revealed that he wasn't aware of its details. Feb 15, 2025, 10:58 a.m. UTCArgentina's president Javier Milei has backtracked on a tweet promoting a memecoin called Libra, which rose to a $4.4 billion market cap before plunging by more than 95%.In a now-deleted tweet, Milei initially wrote: "This is a private project dedicated to encouraging the growth of the Argentine economy," along with a Solana contract address linked to the Libra token.Libra ...

Read more at coindesk.com

© News Score  score the news, sort the news, rewrite the headlines