Author: Chun Tian's Malt

Source: Kindergarten Digital Assistant

I. The President Personally Launches a Coin, Is It Innovation or a Scam?

On February 15, 2025, Argentine President Javier Milei publicly announced the launch of a MEME coin called **LIBRA** through official social media, claiming that this move would "promote economic growth in Argentina" and directly published the token contract address. As soon as the news was released, the price of LIBRA soared to $4.96 in a short period of time, with a market value once approaching $5 billion. However, within just a few hours, its price was halved to $0.6, and the market value shrank to less than $1 billion, staging a "roller coaster" farce.

More worryingly, this operation has been questioned for "doubts about the authenticity of the account". Some media pointed out that Milei's social media accounts had previously posted controversial remarks, and this coin issuance behavior may be the result of hacker account theft, but the official has not yet responded clearly.

II. Presidential Endorsement ≠ Security Guarantee, Harvesting the Leeks Tricks Upgraded

1. "Celebrity Effect" Becomes a Sickle

Milei is not the first politician to venture into cryptocurrencies. In January 2025, former U.S. President Trump launched a personal MEME coin **TRUMP**, whose market value soared 1250% on the day of launch, with trading volume exceeding $5 billion. However, such tokens often lack actual value support and rely solely on celebrity traffic hype, ultimately becoming "harvesting tools".

2. Speculative Frenzy Under Economic Distress

In recent years, Argentina has been mired in a debt crisis and inflation quagmire, with the government even resorting to radical policies such as cutting 30% of public spending and closing institutions to ease fiscal pressure. Against this backdrop, the president's use of "cryptocurrency to save the country" as a gimmick is very likely to incite the public's speculative sentiment and cover up the weakness of economic governance.

3. Uncontrolled Risks in the Regulatory Vacuum

Although Argentina has discussed cryptocurrency cooperation with El Salvador, experts emphasize that the feasibility of the country fully adopting digital currency is extremely low, and the complex debt problem and financial system constraints have limited policy implementation. The sudden launch of the LIBRA coin, without a clear regulatory framework or a publicly available technical whitepaper, is more like an "impromptu performance".

III. Historical Lessons: From Trump to the Central African Republic

Trump Family Coin Issuance: The "Gray Carnival" of Political Power and Commercial Interests

Melania Trump, the wife of former President Trump, quickly followed suit and issued the **MELANIA coin** after Trump, causing the price of TRUMP coin to be halved, with the market value evaporating $7.5 billion in 10 minutes. Under the violent market fluctuations, more than 260,000 investors were liquidated within 24 hours, suffering heavy losses. Although Trump claimed that this move was to "support cryptocurrency innovation", experts directly pointed out that its essence is a "predatory financial tool", using the political halo to attract retail investors to hold the bag and eventually cash out.

The "Rough Experiment" of the President of the Central African Republic: CAR Coin and the Regulatory Vacuum

In February 2025, the President of the Central African Republic, Faustin-Archange Touadéra, launched the MEME coin **CAR**, claiming to "drive national development through crypto assets". However, the investigation found that the official website domain of the token was registered only 4 days ago, and 80% of the tokens were concentrated in 6 related addresses, with the funding source being the Binance exchange, and the technical security measures were almost zero. Slow Mist founder Yu Xuan even pointed out that the website carries viruses and is extremely high-risk.

Although the Central African Republic is the second country after El Salvador to adopt Bitcoin as legal tender, its economic foundation is weak, with the lowest GDP per capita in the world. The president's coin issuance has been questioned as "using the poverty of the country to cover up financial speculation", and may even be the result of hacker account theft.

IV. Beware! The "Political Trap" of Cryptocurrencies

Milei's LIBRA coin, on the surface, is flying the banner of "economic innovation", but may actually hide multiple risks:

• Policy Contradictions: The Argentine government has previously only allowed the use of Bitcoin for specific scenarios, far from reaching the level of fully supporting cryptocurrencies, and this coin issuance is at odds with existing policies.
• Sovereign Credit Overdrawn: If the LIBRA coin ultimately collapses, the country's credit will suffer a heavy blow, further exacerbating economic turmoil.
• Evaporation of Citizen Wealth: Ordinary investors blindly follow the trend, and may suffer heavy losses due to price plunges, ultimately paying the bill for the politicians' "experiments".

Conclusion

Cryptocurrencies should not become a tool for politicians to divert conflicts and harvest public opinion. Behind the so-called "presidential-level projects" from Trump's TRUMP to Milei's LIBRA, it is the collusion of capital and power, and more a wealth trap for ordinary people.

Investment Warning:

• Stay away from MEME coins without actual value support and relying solely on hype;
• Be wary of projects endorsed by politicians and celebrities, and analyze the underlying logic rationally;
• Remember - high returns come with high risks, and the myth of getting rich quick often leads to the abyss.