$LIBRA

Rug Pull

DeFi · $LIBRA · born 2025 · ✝ 2025

Argentina's president tweeted a memecoin, then deleted the tweet.

On February 14, 2025 Argentine President Javier Milei posted on X promoting $LIBRA, a Solana memecoin pitched as funding Argentine startups. Within hours the token lost 96% of its value after insiders drained liquidity pools.

Peak: ~$4.5B market cap (peak)
Cause: Rug Pull
Year of death: 2025

☠️ Cause of death

On-chain analysis showed team wallets received 1M $LIBRA before Milei's tweet, added liquidity, then withdrew ~$7.8M in SOL as price peaked. Milei deleted the post and disavowed the project; ~$90M sat in consolidation wallets.

📓 Lessons left behind

—A head-of-state retweet is not due diligence.
—Pre-positioned liquidity is the oldest rug in the book.
—Political memecoins convert nation-brand trust into exit liquidity.

🌱 The idea that survived

Disclosed political fundraising

The scandal renewed calls for securities-style disclosure any time public officials touch token launches.

#memecoin#politics#argentina#rug-pull