Libra Token Hype Plummets Post-Milei Endorsement

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Libra Token Reclaim

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Business

Business & Economics

Will Milei's Libra Token Ever Hit $4.5B Market Cap Again?

Summary

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61% Informative

Argentine President Javier Milei tweeted that LIBRA (Libra) was worth $4.5 billion .

The price of the LIBra token shot up 3,32% in under an hour , with its market cap hitting $4 billion .

However, within hours , its value plummeted by 100% as insiders cashed out more than $100 million .

Milei deleted a post on X after realizing he had unknowingly endorsed a project he had no ties to.

The LIBRA token now trades at $ 0.3203 with a decrease of more than 93% from its ATH .

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