Summary
- Justin Sun claimed that Argentina's president bears some responsibility for the LIBRA memecoin incident.
- President Milei announced LIBRA's issuance, though the authenticity of this information remained unclear.
- Following the incident, LIBRA's price crashed, and Sun emphasized the importance of investor protection.
TRON founder Justin Sun claimed that the President of Argentina bears some responsibility for the recent surge and crash of the memecoin LIBRA.
On the 15th, Sun stated through X (formerly Twitter), 'While I deeply respect President Milei, I believe he must take some responsibility for this matter.' He added, 'We must urge the perpetrators to return investors' funds and face legal consequences,' emphasizing that 'protecting investors is a crucial legal obligation.'
Previously, President Milei announced the issuance of LIBRA, Argentina's official memecoin, through X. Despite unclear authenticity of the post, LIBRA showed a sharp increase immediately after its issuance. Later, President Milei deleted the post, claiming he was unaware of the details. LIBRA, which once surpassed $4, plummeted to below $1.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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