Javier Milei Backtracks on $4.4B Memecoin After 'Insiders' Pocket $87M

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CoinDesk 1w ago

Javier Milei Backtracks on $4.4B Memecoin After 'Insiders' Pocket $87M - CoinDesk

Quick Summary:

Milei deleted his original promotional tweet and revealed that he wasn't aware of its details.

The sell-off in Libra rippled across the wider memecoin market, with TRUMP losing $500 million from its market cap, according to market data, in a 30-minute period after Libra began to tumble.

"I was not aware of the details of the project and after having become aware of it I decided not to continue spreading the word (that is why I deleted the tweet)".