Milie's $LIBRA Promotion Leads to Loss

This is a Argentina news story, published by CoinGape, that relates primarily to LIBRA news.

Argentina news

For more Argentina news, you can click here:

more Argentina news

LIBRA news

For more LIBRA news, you can click here:

more LIBRA news

crypto trading & speculation news

For more crypto trading & speculation news, you can click here:

more crypto trading & speculation news

CoinGape news

For more news from CoinGape, you can click here:

more news from CoinGape

About the Otherweb

Otherweb, Inc is a public benefit corporation, dedicated to improving the quality of news people consume. We are non-partisan, junk-free, and ad-free. We use artificial intelligence (AI) to remove junk from your news feed, and allow you to select the best business news, entertainment news, world news, and much more. If you like crypto trading & speculation news, you might also like this article about

Solana meme coin

. We are dedicated to bringing you the highest-quality news, junk-free and ad-free, about your favorite topics. Please come every day to read the latest LIBRA price news, LIBRA scandal news, crypto trading & speculation news, and other high-quality news about any topic that interests you. We are working hard to create the best news aggregator on the web, and to put you in control of your news feed - whether you choose to read the latest news through our website, our news app, or our daily newsletter - all free!

LIBRA coin traders

CoinGape

•

Business

Business & Economics

Milie/$LIBRA Scandal: Neiro CTO S. Discusses Hard Lessons

Summary

Nutrition label

65% Informative

Argentine President Javier Milie promoted Solana meme coin , $ LIBRA , calling it a tool to fund small businesses in Argentina .

Market cap of Solana coin reached to $4.5 billion as traders flock in to buy, only to see the coin crashing by 89% .

CTO S. of Neiro the token project presented as the Heir and sister of Doge he shares his insights on the hype trap of memecoins, need of community resilience to save such projects.

Strong governance ensures cryptocurrency projects adhere to financial laws, preventing fraudulent token launches.

The $ LIBRA scandal highlights the need of strong governance to prevent the investors from such exploitations.

Neiro CTO S. S. shares how Neiro prevented such a rug pull from happening by resilience and focusing on greater cause.

VR Score

Informative language

Neutral language

Article tone

informal

Language

English

Language complexity

Offensive language