Regulation· ★★★· bearish·

TRM Labs: Milei's LIBRA post pushed token market cap to $4.56B

  • —Milei posted about LIBRA on Feb. 14, 2025, then deleted it after the price crashed
  • —LIBRA's market cap peaked at $4.56 billion, with the token at $3.28, per CoinMarketCap
  • —Estimated losses reach $250 million, affecting more than 44,000 investors
  • —Argentina's Congress opened an inquiry; courts have yet to summon witnesses
Why it matters: The case highlights the risks of political promotion of low-liquidity memecoins and adds pressure on crypto policy debate in Argentina.
#SOL
Source: CryptoActu
More on this
DeFi · Sep 24
TRM Labs: Real AI agent payments only $5K–$11K per month
 Security · Sep 29
Quantum Security Startup Project Eleven Acquires Riva Labs to Add Post-Quantum Wallet Tech
 Security · Sep 23
TRM Labs: Deepfake Scam Losses Up 263% in Early 2026