Libra (LIBRA)
Loading...
Loading...

About LIBRA
The Libra token (LIBRA) is a Solana-based memecoin that gained international attention in February 2025 after Argentine President Javier Milei briefly promoted it. Marketed as a project to stimulate Argentina's economy by funding small businesses, LIBRA's value surged to over $4.50 before crashing below $0.20 within hours, leading to significant investor losses and allegations of fraud. The incident, dubbed 'Libragate,' has sparked political turmoil in Argentina, including calls for President Milei's impeachment and legal investigations into potential misconduct. The controversy has also impacted the broader cryptocurrency market, contributing to a decline in Solana's (SOL) price. President Milei has denied any wrongdoing, stating he merely 'spread the word' about the token without endorsing it. Ongoing investigations are examining the roles of various individuals and organizations involved in the LIBRA project.
Convert Fiat to Libra
News
Fidelity: Bitcoin Still in Acceleration Phase, Dramatic Rally Incoming
Fidelity Digital Asset Research Analyst Zack Wainwright states that bitcoin might still be in a euphoric, volatile period, which he calls an acceleration phase. At the end of this phase, bitcoin might experience a dramatic rally that could take the…

Chainplay: 83% of Crypto Investors Have Faced Scams or Hacks
A recent study by Chainplay and Storible reveals that 83% of crypto investors have been scammed or hacked at least once, with average losses reaching $2,622 per victim. Exchange hacks have cost users over $27 billion, highlighting the persistent security…

Kazakhstan, UAE Seek to Boost Digital Asset Cooperation
Kazakhstan's financial sector recently strengthened ties with the United Arab Emirates (UAE) through a delegation visit from March 26-27. Kazakhstan, UAE to Cooperate on CBDC Development A delegation from Kazakhstan's financial sector recently visited the United Arab Emirates (UAE) to…

SHFL and the Future of Crypto Gaming: Transparent Play, Real Rewards, and True Utility
This content is provided by a sponsor. As crypto adoption grows, so too does demand for platforms that combine entertainment with real utility. Shuffle.com is answering that call—placing its SHFL token at the core of a gamified ecosystem that blends…

Onlyfans Founder’s Startup, Hbar Foundation Bid for Tiktok
The Hbar Foundation has partnered with Zoop, a startup founded by Onlyfans creator Tim Stokely, to bid on Tiktok's U.S. operations. Zoop, Hbar Foundation Aim for New Creator Paradigm The Hbar Foundation, a cryptocurrency foundation managing the Hedera cryptocurrency network's…

Frequently Asked Questions about Libra
What is the Libra token (LIBRA)?
The Libra token (LIBRA) is a memecoin built on the Solana blockchain. It was introduced with the declared goal of boosting Argentina's economy by funding small local businesses. However, it gained notoriety in February 2025 after a rapid price surge followed by a sharp decline, leading to significant investor losses.
Why did the LIBRA token crash?
The LIBRA token experienced a dramatic price drop shortly after its launch in February 2025. The crash occurred when insiders reportedly withdrew $107 million in liquidity, causing the token's value to plummet by 94% and erasing $4 billion in market capitalization within hours. This event has been characterized as a 'rug pull' scheme.
What was President Javier Milei's involvement with LIBRA?
Argentine President Javier Milei briefly promoted the LIBRA token on social media, suggesting it could support economic growth by funding small businesses. Following the token's collapse, Milei deleted his promotional post and denied endorsing the project, stating he merely 'spread the word' without full knowledge of its details.
What is 'Libragate'?
'Libragate' refers to the scandal surrounding the LIBRA token's rapid rise and fall, which has led to political and legal repercussions in Argentina. The incident has prompted calls for President Milei's impeachment and investigations into potential fraud and misconduct associated with the token's promotion and subsequent crash.
How has the LIBRA incident affected the cryptocurrency market?
The LIBRA token scandal has had a negative impact on the broader cryptocurrency market, particularly affecting Solana (SOL), the blockchain on which LIBRA was built. Following the incident, Solana's price experienced a significant decline, reflecting decreased investor confidence. test
How is FBI involved in the investigation following the LIBRA token collapse?
An Argentine law firm has filed a complaint with the U.S. Department of Justice (DOJ) and the Federal Bureau of Investigation (FBI), requesting an investigation into the individuals behind the LIBRA token and President Milei's role in its promotion. This action indicates the international ramifications of the scandal. test