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Tag: memecoin scandal

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Regulators to blame for LIBRA memecoin scandal — Coin Bureau founder

Some in the crypto community are outraged about the lack of legal clarity around memecoins like Libra, which collapsed soon after endorsement by Argentine President Javier Milei. The collapse of the Libra token, which was promoted by Argentine President Javier Milei, has reignited calls for stronger regulatory oversight of memecoins. “The blame for the Libra…
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LIBRA memecoin scandal dings Solana’s image, but here’s the real reason why SOL is down

Solana price plummets as a drop in onchain activity, declining DApps TVL and looming SOL token unlocks approach. Solana’s native token, SOL , dropped 17% between Feb. 14 and Feb. 18, currently trading near $164. The decline coincided with the launch of the Libra memecoin, which involved Argentina’s President, Javier Milei. Libra saw an 83% price…
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