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

Re:Javier Milei Backtracks on $4.4B Memecoin After 'Insiders... by the_af on Monday February 17, 2025 @09:21AM (#43079264)

Milei's hardcore followers are now in an impossible situation:

- They can continue claiming their all-knowing leader is an "expert" in everything under the sun. But this means he was an insider! And therefore, he committed a crime.

Or,

- They can claim he was duped in the silliest way possible. I mean, $LIBRA had every possible red flag and anyone with half a brain could tell it was a meme coin. So, that must mean Milei is not as intelligent as his closest followers claim.

Also, he, the president of Argentina, claimed he promoted the meme coin because "he wasn't aware of the details". If he wasn't aware of the details, why did he promote it? Will he also promote random miracle cures? Or only if -- as some people are already claiming -- some money is passed under the table?

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Re:Javier Milei Backtracks on $4.4B Memecoin After 'Insiders... by TZubiri on Monday February 17, 2025 @09:23AM (#43079281)

Or 3: he was ill advised from someone in his close circle, and their head will roll, but I don't see any minister that would take the fall, maybe a kid under the economy minister, either truly responsible or willing scapegoat

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