Recently, a controversy has arisen around the digital token $LIBRA, after early buyers inflated its value only to sell massively, causing significant losses for many investors. The article revealing this situation was published in Mendoza Today and quickly caused an uproar in public opinion.
President Javier Milei recommended the acquisition of $LIBRA in an enigmatic message, which led to its price skyrocketing to a peak of $4,978, before collapsing in a matter of minutes to below $1. In light of speculation about possible fraud or manipulation, Agencia Noticias Argentinas confirmed that there was no hacking of the president's account, attempting to calm the waters of the controversy.
In the midst of this situation, Fernando Cerimedo, a reference in President Milei's digital strategy, posted an enigmatic tweet that added more uncertainty to the matter: "To those who said it was a cool idea, go find a corner of the world to hide in." Cerimedo is a political marketing consultant and technological head of Milei's digital strategy, with a background in Jair Bolsonaro's presidential campaign in Brazil.
Market experts have warned that $LIBRA could be part of a price manipulation scheme known as 'pump and dump', where the value of an asset is artificially inflated to then sell massively, causing losses to less cautious investors. Uncertainty continues to grow due to the lack of clarity surrounding the circumstances related to this digital token and the actions of those behind its promotion.
