In mid-February 2025, Argentine President Javier Milei endorsed a new cryptocurrency, $LIBRA, promoting it as a private initiative aimed at stimulating Argentina's economy. This endorsement led to a rapid surge in $LIBRA's value, with its market capitalization peaking at approximately $4.6 billion within hours. However, the coin's value plummeted shortly thereafter, resulting in significant financial losses for investors.
Welcome to the crypto presidency. On the eve of Donald Trump's presidential inauguration, the crypto world was rocked by an unprecedented "meme coin war" between the President-elect and his wife, Melania Trump. The $TRUMP coin, launched just days ago, saw its meteoric rise abruptly halted as Melania unexpectedly unveiled her own $MELANIA token, causing a seismic shift in the market.