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The Meme Coins Mirage: Lessons from Argentina’s $LIBRA Scandal and the Future of Crypto

CoinGape LogoCoinGape2d ago

The Meme Coins Mirage: Lessons from Argentina’s $LIBRA Scandal and the Future of Crypto - CoinGape

Quick Summary:

Argentina’s $LIBRA scandal, tied to President Javier Milei, rocked the crypto world in February 2025.

Hyped as an economic savior, the memecoin hit a $4.5 billion market cap before crashing over 90% amid insider trading revelations.

This mess, now under legal scrutiny, has sparked a reckoning for meme coins.

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The Meme Coins Mirage: Lessons from Argentina’s $LIBRA Scandal and the Future of Crypto - CoinGape (Picture 1)The Meme Coins Mirage: Lessons from Argentina’s $LIBRA Scandal and the Future of Crypto - CoinGape (Picture 2)The Meme Coins Mirage: Lessons from Argentina’s $LIBRA Scandal and the Future of Crypto - CoinGape (Picture 3)

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Article Details

Author / Journalist: Jane Lubale

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-20 @ 12:37:23 (2 days ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 526 words

Reading Time: 3 minutes read

Sentences: 38 lines

Sentence Length: 14 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 26293264

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About CoinGape

CoinGape Logo

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 18 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 11 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #59

Publisher Details

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The story "The Meme Coins Mirage: Lessons from Argentina’s $LIBRA Scandal and the Future of Crypto" has 526 words across 38 sentences, which will take approximately 3 - 5 minutes for the average person to read.

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The story "The Meme Coins Mirage: Lessons from Argentina’s $LIBRA Scandal and the Future of Crypto" was covered 2 days ago by CoinGape, a news publisher based in India.

How trustworthy is 'CoinGape' news outlet?

CoinGape is a fully independent (privately-owned) news outlet established in 2017 that covers mostly crypto news.

The outlet is headquartered in India and publishes an average of 18 news stories per day.

It's most recent story was published 11 hours ago.

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  • News ID: #26293264
  • URL: https://beamstart.com/news/the-meme-coins-mirage-lessons-17400558373461

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