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- 🔥 Gate Post Ambassador Exclusive Posting Reward Task Round 2 Is On! 🏆 Round 1 winners will be announced on May 26!
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Another Country’s President Rugged a Memecoin!
The Story of $LIBRA — Same Scam, New President.
Here’s what happened:
> Argentina’s President Javier Milei promoted $LIBRA, a Solana-based memecoin, on X and Instagram.
> Market cap skyrocketed to $2B in 10 minutes! 🚀
> Retail investors FOMO’d in, thinking it was a legit opportunity.
> Meanwhile, 11 insider wallets secured $43.8M in profits within minutes.
> 8 wallets linked to the $LIBRA team cashed out $107M by adding/removing liquidity and claiming fees.
> Then came the final twist—wallet "LeBron," after making $8.9M on #MELANIA, $3.2M on $TRUMP, and $1M on $HARRYBOLZ, farmed another $4.56M on $LIBRA.
> Now Milei deleted his post, claiming he "wasn’t aware of the details." 🤡
> Within hours, $LIBRA crashed 96%, erasing $4.4B in market cap.
But by then, the damage was done. Thanks to $TRUMP for setting the trend. #Gate.io Has Officially Partnered with Oracle Red Bull Racing# #Weekend Market Analysis# #Market Dip: What to Buy?#