#MileiMemeCoinControversy LIBRA Memecoin Scandal: From $4.5 Billion Hype to Fraud Allegations

Over the weekend, Argentina’s President Javier Milei unveiled the $LIBRA memecoin, backed by entities such as Kelsier Ventures and KIP Protocol, with the purported aim of supporting Argentina’s economic growth.

The launch sparked immense excitement, driving the coin’s fully diluted valuation (FDV) to an astonishing $4.5 billion. However, the tokenomics were highly skewed in favor of insiders, with 95% of the supply allocated to team members and early investors, raising concerns of potential fraud.

MileiMemeCoinControversy