Argentina has reportedly launched a memecoin

rgentine President Javier Milei posted about half an hour ago through his official X account announcing the launch of the Meme coin LIBRA and revealing the contract address. It is currently unclear whether his account has been compromised.

According to GMGN data, LIBRA briefly surged above $7.8, currently trading at $3.51, with a market capitalization of $3.5 billion.

Note meme coin prices are highly volatile, the authenticity of the coin is yet to be confirmed, so investors should participate with caution.