President Buhari clear for LIBRA Memecoin wahala as global investigations dey go on
Argentina President Javier Milei don clear from any bad tin by the country Anti-Corruption Office about the LIBRA memecoin palava. The office find out say Milei act as economist for him private life, no be as public official when e promote LIBRA for social media. Dem no find any proof of law waka, government involvement or misuse of power. The investigation start after Milei ask dem. Even though dem clear am, other court investigations dey continue for Argentina, USA and Spain. Wahala start when Milei endorse LIBRA for social media for February, e cause the token value jump reach $4.5 billion before e collapse pass 96%, make plenty investors lose plenty money. Now, LIBRA dey trade for $0.030 with recent 37% gain for month even with the big fall from top price. This thing show how memecoins dey volatile and risky and how political people fit affect crypto projects and token price. Crypto traders suppose dey cautious for quick, news-driven price waka for politically linked assets as investigation and law husle no stop.
Bearish
Even though President Milei don clear by Argentina Anti-Corruption Office, LIBRA memecoin suffer heavy fall after him support am first time and later carry am back. The ongoing legal investigations for Argentina, US, and Spain dey add more gbege. Most investors still dey suffer big loss, and the gbege wey political endorsement cause show say regulatory and reputation risks full ground. For short term, people no too get hope for LIBRA because legal wahala and trust matter still dey. Traders suppose expect say price go continue fall and make dem dey careful for quick, news-driven jump wey dey linked to political people or ongoing investigations.