Because the Libra rug-pull scandal rocks the crypto world, merchants are questioning whether or not this may truly profit the costs of sure names within the meme coin house, just like the TRUMP coin.
Over the weekend, Argentinian President Javier Milei took to X to advertise a cryptocurrency known as Libra, which supposedly aimed to boost funds for small companies and start-ups in Argentina.
Nonetheless, quickly after Milei’s tweet, insiders rapidly dumped the token and it misplaced almost all of its worth. Milei quickly deleted the coin.
Whether or not Milei was in on the scheme or tricked into selling the coin by unscrupulous venture insiders stays to be seen.
Cardano founder Charles Hoskinson stated in a video streamed on Sunday that Milei was misled by advisers referring to the coin, which was probably pitched to him as a good suggestion, and maybe in comparison with TRUMP coin.
Whereas the Presidential workplace has acknowledged that Milei was on no account concerned within the crypto’s improvement, the opposition in Argentina is asking for Milei to be impeached.
In the meantime, a federal Argentinian decide is about to analyze the saga, information which despatched Argentinian shares reeling on Monday.
The story has dominated headlines in crypto this week, and its not a very good search for the business, which has struggled to beat an affiliation with “crime” and “scams” since its inception.
Might the Fallout Profit TRUMP Coin?
With meme cash again within the headlines this week amid the continued Libra scandal, might this truly show to be a bullish catalyst for TRUMP coin?
Unlikely. TRUMP coin is already down over 13% on the week, and, final at $16.20, might quickly retest its current lows within the $14 space.
No affiliation between the creators of TRUMP coin and Libra have but been uncovered. Nonetheless, hyperlinks between Libra and MELANIA, the primary woman’s meme coin, have been uncovered.
Bubblemaps lately printed a thread on X presenting proof for the connection.
1/ How $LIBRA was created by the identical group behind MELANIA and different short-lived cash
That includes new onchain proof
A thread with Coffeezilla↓ pic.twitter.com/gNwj97KapF
— Bubblemaps (@bubblemaps) February 17, 2025
Does that imply MELANIA can also be a rug pull in ready? It’s chart actually seems like its already been simply that, with MELANIA final buying and selling round $1.25, down over 90% from its post-launch file highs above $13 per token.
Nonetheless, affiliation with a meme coin scandal like LIBRA might considerably dent MELANIA’s worth going ahead.
There is no such thing as a on-chain or in any other case proof to counsel TRUMP can also be related. Nonetheless, that doesn’t imply “rip-off” FUD gained’t additionally harm demand for TRUMP going ahead.
That stated, the TRUMP model is such a powerhouse that the majority meme coin merchants could have probably forgotten about all of this inside just a few weeks.
All it’ll take is for just a few sturdy days of worth motion, and meme coin merchants will probably begin FOMOing again into TRUMP coin fairly rapidly.
Higher Various to TRUMP Coin – Meme Index (MEMEX)
One main criticism of TRUMP coin is the tokenomics distribution, which closely favors early traders, insiders and Trump himself.
The coin might carry out very properly within the years forward, however meme coin traders ought to all the time be seeking to diversify their holdings.
One thrilling new meme coin that ought to be on their radar is a venture known as Meme Index (MEMEX).
In contrast to typical meme cash driving hype alone, Meme Index affords a decentralized fund that bundles the most popular meme tokens into 4 volatility-based baskets—from secure giants like Dogecoin to wild moonshots.
This diversification slashes threat whereas maximizing upside, a uncommon combo on this chaotic market. With over $3.7 million raised in its presale and staking APYs hovering previous 600%, early traders are already hooked.
Plus, MEMEX holders get governance energy, voting on which cash make the minimize—suppose community-driven positive factors with built-in rip-off safety.
Backed by stable audits and a buzzing social presence, Meme Index isn’t simply one other fleeting meme—it’s a sensible play in a $120 billion sector.
Be taught Extra About MEMEX Right here
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