Libra (LIBRA), an Argentine President Javier Milei endorsed token, experienced a strong rise and hype and a sudden downfall. A single tweet from President Milei propelled LIBRA price $34.5 and a staggering $4.5 billion market cap. However, the rally was short-lived as the token lost 92% of its value within hours, erasing millions. Investors faced heavy losses as hype turned into disaster, raising concerns about speculation-driven assets and the volatility of political influence in crypto markets.
Can Milei’s Libra Token Reclaim Its $4.5B Market Cap?
Libra Token price shot up 3,32% in under an hour, with its market cap hitting $4.5 billion after Argentina’s President Javier Milei mentioned it in a social media post on February 14. However, within hours, its value plummeted by 100%, as insiders cashed out more than $100 million. This move wiped out millions in the market. The meme token, which peaked at $1.03 on February 15, now trades at $0.3203 with a decrease of more than 93% fro
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