Argentina's President Deletes Memecoin Launch Post... "Content I Wasn't Well Informed About"

Argentine President Javier Milei has deleted posts related to the launch of memecoin LIBRA.

On the 14th (local time), President Milei stated through his X (formerly Twitter), "A few hours ago, I posted content supporting an unrelated private company," adding "I wasn't aware of the details, and after understanding the situation, I decided to delete it."

He further warned, "I caution the dirty forces in politics trying to take advantage of this situation," and added "I will certainly punish them."

Previously, President Milei had announced the launch of Argentina's official memecoin LIBRA through X. Despite unclear authenticity of the post, LIBRA showed a sharp increase immediately after its launch. However, as circumstances suggesting insider trading were detected, LIBRA, which had once surpassed $4, plummeted to below $1.