Argentina President Javier Milei Boosts $LIBRA Token 60% with retweet

Solana-based cryptocurrency $LIBRA soared implicit 60% aft Argentina’s President Javier Milei retweeted a tutorial from Darion Epstein, a manager of research, connected however to acquisition the token. The retweet sent the token’s terms skyrocketing, with the marketplace headdress concisely reaching $4.5 billion. 

Meanwhile, Darion Epstein has made a follow-up tweet clarifying that helium lone made the tweet to amusement that it wasn’t casual for an mean idiosyncratic to bargain the memecoin.

“It is not an endorsement, tutorial, oregon recommendation. The statement is solely to amusement however hard it is for an mean investor, who doesn’t beryllium to the ecosystem, to marque the purchase. Don’t mislead people,” helium said. However, the tweet has made much traders to unreserved backmost to bargain the token 

Milei promoted the $LIBRA token connected Valentines time arsenic a backstage inaugural to stimulate Argentina’s system by backing tiny businesses. Upon the launch, the token saw a monolithic pump but aboriginal crashed, with its worth losing much than 90%. 

$Libra surges 60% aft clang | Source: X

Another Pump and Dump?

The archetypal surge successful the token’s worth came with a batch of questions astir its legitimacy. 82% of the $LIBRA token’s proviso had already been unlocked crossed aggregate addresses, which immoderate believed indicated centralized power implicit the token. 

The task was tied to KIP Network Inc. and its KIP Protocol, a Web3 model for AI applications. On the project’s website, a enactment appeared that stated, “Private Initiative task developed by KIP Network Inc. © 2025.”

After the clang connected Feb 14, Milei deleted his tweet, claiming that helium had nary anterior cognition of the project’s details. He said helium stopped promoting it erstwhile helium learned more. However, the backlash continued, with Argentina’s fintech enclosure suspecting it could beryllium a “rug pull,” a signifier wherever creators inflate the worth of a crypto token earlier selling it for profit.

Trader Cashed retired $3.3 million

According to Lookonchain, President Milei made the retweet, a idiosyncratic named “goofyahh.sol” rapidly invested $5 cardinal successful $LIBRA and made an unrealized nett of $2.8 million. Soon after, the idiosyncratic sold disconnected each his tokens, making different nett of $497,000.

Also Read: Influencer Dave Portnoy Loses $5.34M successful $LIBRA Token Crash