Argentina president pulled biggest rug in cryptocurrency market

Few hours ago, Argentinian president, Milei launched a memecoin, Libra, touting it would do growth of their economy. Just after five hours, it reached 4.4 billion dollars in marketcap and was quickly dumped by an insider. 

The insider was able to do a rug pull of $87-million and token crashed more than 90% immediately, as seen in the chart. 

Then, the president deleted the tweet and denied involvement in the memecoin, which led to another 60-percent dump. 

All this happened on the valentine day. Stay away from unknown meme coins, it’s really that simple. Stick to ones that have proven track records or you will end up losing. If you want to gamble then use a little fiat , not your entire network.

Zero PNL screenshots on the timeline, zero profits anywhere to be heard of, zero long term copium narrative like Trump, only pain and suffering and devastation. I personally have a rule that if the coin doesn’t have at least a month of trading history for me look at i’m not going to touch it. Think more people should follow this. If you want to play slots you’ll have better odds at the casino.