President Javier Millie's investigation in the Argentine Libra was left involved in a Cross Crisis. Everything began when Milei used social media to promote Libra, causing its high price. However, the symbol decreased within hours, shocking investors and causing them to ask about the error that occurred.
Riding wild scale
The scale for the first time seems to be a promising new investment. The price rose quickly after Promotion of the president On social media, he drew more than enthusiastic buyers. Nevertheless, it decreased by more than 90 %, as it lost the value of millions of dollars.
Almost immediately, the investments of those who bought at the peak of the currency of the currency disappeared. Many wondered whether the accident was a tragedy – or something more evil yet A coin suddenly collapsed.
Who is already responsible?
The fact that no one knows who made the scale simply makes things more confused. Initially it is believed to be involved, the KIP protocol denied any participation in the project. Instead, the currency has been associated with KELSIER projects.
The President's office states that on October 19, President Javier Millie held a confrontation with representatives of the KIP protocol in Argentina, where the company was informed of the development of a project called “La La Libertad” for …
President OPRAGENTINA Office February 16, 2025
But there is no official evidence of the one who started the scale, or who was responsible for Sudden rise and landing. Because there is no transparency, there is a guess that this may be a fraud of the pump and discharge in which the first informed benefited before the currency caused shock.
The government interferes
Millie requested an investigation into the distinctive symbol and withdrawing his position after criticism. Investigators are now looking if investors have been deceived, fraud have been organized, who have benefited from Distinguished symbol fall.
Total crypto market cap at $3.14 trillion on the daily chart: TradingView.com
Meanwhile, the market responded. Even after a rise of 95 % of its decrease, the scale still decreases by 50 % of its peak. Large price differences show the extent to which the market is not predicted for investors.
Ready -made meals for encrypted currency traders
The whole thing should be a warning to people who are trading in cryptocurrencies, but it is not fair to say that trading will make people behave, based on this particular accident.
As of now, most of the cryptocurrency markets are not organized, which means that values can rise or rise in the blink of an eye.
A large number of investors are currently defending more transparency regulations and guidelines in order to prevent disasters such as this.
The results of Argentina's study may lead to basic transformations in the way the country deals with the encrypted currency in the coming years.
Despite the fact that the future of the balance is still not certain, there is one thing that can be said with certainty: the investors are more likely to think twice before putting their money in another project that was now moved after their belief in the coded currency works in Argentina has been shaken.
Distinctive image of 104.5 wokv, tradingView graph
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