LIBRA Memecoin Scandal & SUI Price Drop Devastates Investors – This Viral Coin Could Be the Next 28x Crypto

LIBRA, a trending memecoin in Argentina, is facing difficulties as it becomes the subject of a congressional investigation.

Several lawmakers are examining the origins of LIBRA, its connection to president Javier Milei’s campaign finance, and the possibility of undisclosed political ties.

The probe was triggered by reports of individuals linked to Milei’s supporters actively promoting LIBRA and collecting funds for it in March.

At the time, the token was hyped up with slogans like “to the moon” and "let's go, bulls" on social media to attract more investors to join the community.

The token’s legal status was also questioned as it emerged that the paperwork for LIBRA was filed in December 2022, but the token was already being sold in October.

The heat on LIBRA began after the president himself touted the token at a rally in March, openly holding up a LIBRA chain and urging the crowd to invest in it.

The mention of the token was met with enthusiasm by the audience, showcasing the strong connection between LIBRA and Milei’s political campaign.

However, the president's involvement in the token later sparked controversy, leading to calls for an investigation into the matter.

The probe is expected to shed light on the nature of the token, its founders, and any potential conflicts of interest.

As the story unfolds, LIBRA is now facing more uncertainty than opportunity.

The token went viral for its novelty and cultural relevance, but it is now also subject to legal and political scrutiny.

This incident serves as a cautionary tale for investors who confuse a token’s traction with trust in the project.

The post Libra Memecoin Facing Congress Inquiry in Argentina As SUI Is Still Struggling To Recover From 5-Month Low - What's Next For Both Tokens In 2024? appeared first on Above Avalon.

The post Libra Memecoin Facing Congress Inquiry in Argentina As SUI Is Still Struggling To Recover From 5-Month Low - What's Next For Both Tokens In 2024? appeared first on Above Avalon.

The post Libra Memecoin Facing Congress Inquiry in Argentina As SUI Is Still Struggling To Recover From 5-Month Low - What's Next For Both Tokens In 2024? appeared first on Above Avalon.