Apostle Eric

This is Javier Milei, the President of Argentina.

Today, he launched the $LIBRA memecoin.

Within 10 hours, over -$4.4 BILLION was wiped out, making it the biggest rug in history.

Here’s the untold story of what really happened ⬇️

On Feb 14, Javier Milei, the President of Argentina, posted on X about his own $LIBRA coin.
Despite concerns that his account might have been hacked, the coin quickly went viral.
Eventually, it turned out to be legit, as multiple Argentinian politicians reposted the news.

From the very beginning, many things seemed off about the project.

► The website was created just hours before the launch and redirected to a basic Google Form.

► There was no information about the owner, and the domain had only a 1-year registration period.

But if you dig a bit deeper, it actually gets worse.
► Unlike other top celebrity memes, there was no official tokenomics.
► 82% of the supply was held in fully unlocked wallets.
► Someone was adding one-sided liquidity on Meteora, meaning they can remove it at any time.

Following the success of $TRUMP — and despite all the red flags — many people went all-in, pumping the market cap to $4.5B.
At that very moment, the $LIBRA team and insiders began cashing out.

Minutes after launch, several large holders started liquidating millions of dollars worth of $LIBRA.
In just the first 3 hours, a single cluster of wallets cashed out a total of $87 million.

Remember the one-sided liquidity pools?
As soon as the dump started, the owners of those pools began removing $USDC and $SOL , essentially draining liquidity instead of selling on the open market.

In less than 60 minutes, $LIBRA crashed over 90%, wiping out $4B+ from the market.

Shortly after, Javier Milei deleted his $LIBRA post and tweeted that he "had no connection to the project" and that "once he learned the details, he decided to stop promoting it".

While many people are taking heavy losses on $LIBRA, the team and insiders are STILL cashing out.

For example, one cluster of wallets just made $107M by removing liquidity and claiming Meteora fees.

While the dump continues, many people are already calling it the biggest memecoin rug in history.

But one thing’s for sure—insiders made a fortune while retail got left with nothing.

What’s your take on Celebrity memecoins ? Stay away from this type of coins try to invest in big cap like #BTC ,ETH,SOL etc. and Comment your thoughts below ⬇️

That’s it for now!

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