Oh, dear readers! Have you heard the latest tale of woe and wickedness from the land of tango and tangled politics? Our dear President Javier Milei has once again set the stage ablaze with his latest escapade involving a certain crypto token, $LIBRA.
It all began on a fateful Saturday when our esteemed leader announced the birth of this digital wonder. Alas, within mere hours, the price of $LIBRA spiked several hundred percent, causing our dear president to withdraw his support and delete the promotional post from his X profile.
But fear not, for the team behind the LIBRA project had already obtained over $107 million from the token’s liquidity pool. Lookonchain, the onchain data analytics platform, discovered that eight wallets related to the LIBRA team had amassed this fortune by adding and removing liquidity, as well as claiming fees.
While the team managed to accumulate such an enormous amount in what we can call a “soft-rug pull” strategy, many investors lost huge amounts of money. One unfortunate soul lost over $5 million while buying LIBRA token in multiple transactions.
Some analysts consider this event as the biggest rug-pull in the history of crypto, wiping out over $4.4 billion from the market. People who lost funds are mostly retail investors, and our dear president had this to say:
“To the filthy rats of the political caste who want to take advantage of this situation to do harm, I want to say that every day they confirm how vile politicians are, and they increase our conviction to kick them in the ass.”
Ah, the sweet sound of political discourse! But let us not forget the true victims of this tale – the poor, unsuspecting investors who were left holding the bag, so to speak.
According to DexScreener data, LIBRA token surged from $0.27 to $4.56 within an hour of launch. The token has accumulated 24 hour trading volume of $1.14 billion and it is currently trading near $0.23 with total liquidity of $51 million.
And so, dear readers, we bid you adieu with a heavy heart and a cautionary tale of crypto, comedy, and the curious case of Argentina’s president and his digital dalliance.
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2025-02-15 15:35