Foresight News, Argentine President Javier Milei announced the launch of a Meme coin called LIBRA through his official X account today, and released the related contract address. After the announcement, the price of LIBRA fluctuated violently, with a current market capitalization of about $1.3 billion. However, it is currently unclear whether the tweet was made by Milei himself, as his account is at risk of being hacked.
It is worth noting that Milei had previously proposed to implement a "free currency circulation" policy by 2025, allowing Argentine citizens to use a variety of currencies, including Bitcoin, for transactions, but his stance on Meme coins remains unclear. The X platform has seen multiple cases of celebrity accounts being hijacked and used to promote fraudulent tokens.
Currently, the authorities have not responded to the account's security and the authenticity of LIBRA. Investors need to be aware of the high volatility and potential fraud risks of Meme coins.
