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Libra’s $4.5B memecoin collapse sparks resignations and political chaos — what we know so far – TON BOT

Libra’s $4.5B memecoin collapse sparks resignations and political chaos — what we know so far

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The dramatic collapse of the Solana-based Libra memecoin has caused controversy and legal battles in the crypto market. The token’s value dropped 95%, leading to heavy losses for investors and raising questions about insider activity. Political turmoil in Argentina, plans for a Nigeria memecoin, and a resignation related to insider trading allegations are also highlighted. The collapse has sparked a debate on the sustainability of memecoins, with some suggesting a need for meaningful change in the industry to avoid similar incidents in the future.

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