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Javier Milei's Memecoin Embarassment

February 26, 202500:53
00:00:00
he rug pulled the people who put him in
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office the people who voted for Malay
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are the ones who got hurt here Argentine
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president mle who is a hero to a lot of
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people promoted a meme coin it was
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called Libra he originally tweeted this
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private project will be dedicated to
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encouraging the growth of the Argentine
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economy with a link to Libra for his
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citizens to go buy it and buy it they
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did but he deleted that tweet when this
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whole thing came apart 74,000 Traders
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lost almost 300 million 24 wallets had
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losses over a million and Malay has been
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sued 100 plus times already he's being
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investigated by his own government now
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I'm out on Malay right now this is what
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he said the reality is if you go to the
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casino and lose money I mean what is the
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claim if you knew that it had these
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characteristics

Podspun Insights

In this gripping episode, the fallout from Argentine President Javier Milei's controversial promotion of a meme coin called Libra takes center stage. Listeners are taken on a rollercoaster ride through the chaos that ensued when Milei, once hailed as a hero, faced backlash after his tweet encouraging citizens to invest in the coin was abruptly deleted. With 74,000 traders losing nearly $300 million, the emotional weight of the situation is palpable as the episode delves into the personal stories of those affected. The investigation into Milei's actions adds a layer of intensity, as he attempts to deflect responsibility by likening the situation to a casino gamble. This episode not only highlights the risks of cryptocurrency investments but also raises questions about accountability and trust in leadership, leaving listeners pondering the broader implications for the economy and society.

Badges

This episode stands out for the following:

  • 95
    Most chaotic
  • 95
    Most talked-about
  • 90
    Most shocking
  • 90
    Most unpredictable

Episode Highlights

  • The Fall of Malay
    Argentine president Malay faces backlash after promoting a meme coin that led to massive losses.
    “74,000 Traders lost almost 300 million.”
    @ 00m 28s
    February 26, 2025
  • Investigation and Lawsuits
    Malay is being sued over 100 times and is under investigation by his government.
    “He's being investigated by his own government now.”
    @ 00m 37s
    February 26, 2025

Episode Quotes

Key Moments

  • Meme Coin00:12
  • Massive Losses00:28
  • Legal Troubles00:37