The LIBRA meme coin endorsed by Argentine President Javier Milei has suffered a nearly 15% loss in value, following requests for an Interpol Red Notice targeting Hayden Davis due to allegations of fraud. The coin’s value is down by approximately 92% from its highest point as legal issues and market sentiment worsen.
The LIBRA meme coin, promoted by Argentina’s President Javier Milei, is in a significant downturn, having dropped nearly 15% to $0.06125 on Thursday. This decline accounts for approximately 92% loss from its all-time high. The steep decrease in value appears connected to legal troubles surrounding the coin, particularly involving Hayden Davis, a primary figure in its establishment.
In summary, the LIBRA meme coin is facing serious setbacks due to legal actions against Hayden Davis, leading to a sharp decline in its value. The involvement of President Milei adds political scrutiny, further affecting market sentiment. Investors should remain vigilant and conduct thorough research before engaging in trades, particularly in the volatile crypto market.
Original Source: www.fxstreet.com
