A new same same launched by the Central African Republic (CAR) The government, which has reached $ 900 million in market capitalization, has now lost more than 96% of its value, despite the country’s president with the new token.
Elsewhere, Argentine President Javier Milei faces the dismissal to support a “crypto” carpet which culminated at $ 4 billion.
The president of the car supports the token in the middle of 97% decrease
The $ because memecoin spear On February 9 at midnight and in a few hours, it made its way to $ 1 billion. President Faustin-Archange Touadera has announced the new same same on social networks, describing it as its way of union its people, supporting development and “putting the car on the world scene in a unique way”.
After having culminated on February 10, the same has now lost 96.7%, its market capitalization starting this week at $ 18 million.
The deposit arises despite the recognition of President Touadera that his government was behind the controversial project. Experts had identified red flags with the announcement, including launch time and a green screen video that some Deepfake detection tools had identified as potentially false. The suspension of the project X of the project and the official site has further fueled the scam complaints.
However, the official press service of President Touadera rejected speculation, saying that the announcement video was “100% authentic”. Addressing a French language point of sale, a source close to the presidency revealed That the ad video had been recorded in front of a green screen in French, with an entity based in Paris responsible for English translation.
The president’s personal spokesperson Albert Yaloké Mokpeme later confirmed the report. When midnight launch, Mokpeme said the team wanted to reach a wider audience in different time zones.
A day later, President Touadera published doubled his support for the same, rejecting any assertion that his account was hacked.
Ra too poster A new video, boasting like the “president of cryptography”.
“The future of the car is in the hands of his youth,” said Touadera, “… Our vision is to teach them to adopt new technologies, including cryptocurrency, for the development of the car.”
Milei faces the dismissal of more than $ 4 billion
While the car manager is firm in his support for his same, the Argentinian president Javier Milei faces a criminal trial and the dismissal to support another scam token.
The eccentric leader poster on social networks at $ Libra supportA new token, he said, was “dedicated to encouraging the growth of the Argentine economy”. Milei removed the tweet a few hours later and moved away from the project.
“I was not aware of the details of the project and after realizing it, I decided not to continue to broadcast it,” he published.
However, the damage had been caused and the investors rushed to buy the new token. The growing demand pushed the price of $ balance from zero to $ 5, translating by $ 4 billion in market capitalization in a few hours.
Unlike $ because even, $ libra was a well -orchestrated scam, with some wallets Accumulate millions of tokens before he breathes and he dumps immediately after his peak. According to has blockchain Sleuths at Bubblemaps, 82% of the token supply “was maintained in a single cluster”.
Addressing CNN, the safety expert blockchain Pablo Sabbatella revealed That dozens of wallets generated millions of dollars by selling a token that they had only held for four hours. A portfolio made $ 87 million in profits, noted Sabbatella.
Milei is now faced with legal consequences and a threat to his presidency of one year. A group of Argentinian lawyers has filed a complaint against the right president, accusing him of being directly involved in fraud.
“Within this illicit association, the crime of fraud was committed, in which the actions of the president were essential,” explains Jonatan Baldiviso, one of the lawyers behind the trial. He said AF, the group is pursuing criminal charges for Milei.
Milei’s involvement could also cost him his seat. On Saturday, the main opposition coalition of the country, the Union for the Homeland (UXP), announced that it was pursuing the dismissal against the president.
However, experts say that Milei will not lose his seat because a dismissal would require the support of two -thirds of the congress. While the UXP holds a majority in both houses, the small parties Allied in Milei do not support its eviction.
Throughout, Milei argued that he was not involved in the project, and he did not know that it would be roaring. However, its founders insist that they have worked with the president and that he is only going back due to public pressure.
“Despite the previous commitments, Milei and his team have changed unexpectedly, withdrawing their support and removing all previous messages on social networks,” said Hayden Davis, one of the founders of the project.
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