President Milei retracts LIBRA token endorsement, citing lack of full project knowledge

Argentinian President Javier Milei recently removed a post on X where he had initially endorsed the LIBRA token, a cryptocurrency launched by the Viva La Libertad Project to stimulate the Argentine economy by supporting small-scale projects and local businesses. Milei explained that he had shared the post without a complete understanding of the project's details and decided to take it down after learning more. In related news, on-chain analyst Lookonchain reported that 11 insider wallets garnered a profit of $43.8 million from selling off their LIBRA holdings.