In the days leading up to the Argentinian elections of October 26, Prime Minister Javier Milei’s fate seemed sealed. Among the reasons were the economy’s stagnation in the last two quarters; the government’s defeats in Parliament; complaints about corruption; the link with drug trafficking; (earlier) the $LIBRA scam; and the growing social discontent due to the fall in workers’ incomes and pensions.

Javier Milei, president of Argentina, is at the center of a storm for promoting the $LIBRA memecoin. Let’s briefly review the facts: On Friday, February 14, $LIBRA was created with a website that as the only information supplied a contact email. At the time of its launch, 82% of the tokens were controlled by just five digital wallets.