Étiquette : Argentina

Edited by Matt Waller Argentina’s political and financial arenas have been thrown into disarray following President Javier Milei’s controversial endorsement of a meme coin that dramatically collapsed, erasing $4.4 billion in market value almost overnight. The fallout from this debacle has prompted opposition lawmakers to call for the president’s impeachment, accusing him of reckless behavior that endangers both investor confidence and national economic stability. The Spark: A Social Media Endorsement Gone Awry The controversy erupted when President Milei took to X (formerly Twitter) to recommend the $LIBRA token. His post initially triggered a swift price surge—the token briefly approached the $5 mark—before plummeting precipitously within a few hours. Critics argu...