Argentinian President promotes cryptotoken, but price plummet 95 percent when insiders quickly lock millions away

The Argentinian President Javier Milei has a lot to explain. On Friday evening (local time) he advertised the new cryptotoking $ libra via social media. The course of the token then raised rapidly, but plummeted by 95 percent within a few hours. The president then deleted his messages. Analysts fear a scam trick, but it is unclear to what extent the president was aware of it.

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