The post Will Milei’s Libra Token Ever Hit $4.5B Market Cap Again? appeared on BitcoinEthereumNews.com.

Libra (LIBRA), an Argentine President Javier Milei endorsed token, experienced a strong rise and hype and a sudden downfall. A single tweet from President Milei propelled LIBRA price $34.5 and a staggering $4.5 billion market cap. However, the rally was short-lived as the token lost 92% of its value within hours, erasing millions. Investors faced heavy losses as hype turned into disaster, raising concerns about speculation-driven assets and the volatility of political influence in crypto markets. Can Milei’s Libra Token Reclaim Its $4.5B Market Cap? Libra Token price shot up 3,32% in under an hour, with its market cap hitting $4.5 billion after Argentina’s President Javier Milei mentioned it in a social media post on February 14. However, within hours, its value plummeted by 100%, as insiders cashed out more than $100 million. This move wiped out millions in the market. The meme token, which peaked at $1.03 on February 15, now trades at $0.3203 with a decrease of more than 93% from its ATH. The sharp rise followed a wave of investor speculation driven by Milei’s endorsement. Traders rushed in, hoping for further gains, but the rally quickly turned into a sell-off. As the price collapsed, Milei deleted his post and distanced himself from the project.   Now, with a market cap of $82.16 million, the LIBRA token struggles to regain stability. Investors are left questioning whether it can reclaim its former highs or if the hype has completely faded.   Argentine President Javier Milei deleted a post on X after realizing he had unknowingly endorsed a project he had no ties to. “A few hours ago, I shared a tweet supporting what I believed was a private project,” Milei stated on X. “I had no connection to it and was unaware of its details. Once I learned more, I chose…

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Filed under: News - @ February 18, 2025 10:25 am