- Topic
11k Popularity
9k Popularity
10k Popularity
49k Popularity
5k Popularity
33k Popularity
21k Popularity
33k Popularity
134k Popularity
- Pin
- GT Airdrop Is Live! 1.92M GT Burned in Q2, Worth Over $39M
🎁 Complete simple tasks, get up to 13.2 GT per user
📅 From July 8 to July 20
👉 Join now + trade futures to qualify: https://www.gate.com/campaigns/1431
- 📢 #Gate Square Writing Contest Phase 1# is now officially launched!
Share your unique insights on the CROSS project and stand a chance to win $500 worth of CROSS rewards!
💰 Rewards:
1st Prize (1 winner): $150 worth of CROSS
2nd Prize (3 winners): $50 worth of CROSS each
3rd Prize (10 winners): $20 worth of CROSS each
👉 How to Participate:
1. Publish your unique insights on the CROSS project in Gate Square.
2. Add the tag #Gate Square Writing Contest Phase 1# to your post (minimum of 300 words).
3. Share your article or insights on X with the tags: Gate Square & CROSS.
Essay Content Directio
- 🎉 #Gate xStocks Trading Share# Posting Event Is Ongoing!
📝 Share your trading experience on Gate Square to unlock $1,000 rewards!
🎁 5 top Square creators * $100 Futures Voucher
🎉 Share your post on X – Top 10 posts by views * extra $50
How to Participate:
1️⃣ Follow Gate_Square
2️⃣ Make an original post (at least 20 words) with #Gate xStocks Trading Share#
3️⃣ If you share on Twitter, submit post link here: https://www.gate.com/questionnaire/6854
Note: You may submit the form multiple times. More posts, higher chances to win!
📅 End at: July 9, 16:00 UTC
Show off your trading on Gate Squ
- 🚀 Calling all Gate Square content creators!
Join the Gate 2025 Mid-Year Gala to become a top creator
Win Gate x Red Bull merch, $1,000 Futures Vouchers, VIP+1, and fan-exclusive rewards!
Sign up now 👉 www.gate.com/activities/community-vote
#GateSquare#
Meme Coin LIBRA of Argentina Collapses, Wiping Out 4.4 Billion USD After Milei's Controversial Post
LIBRA Token based on Solana, initially promoted by Argentine President Javier Milei, collapsed just a few hours after its launch. This collapse wiped out a market capitalization of $4.4 billion and affected the entire meme cryptocurrency market. The incident began with a post on Milei's social media at 5:01 pm Eastern Time, promoting a token believed to be aimed at "boosting the Argentine economy by sponsoring small projects". The project's website, created just a few hours before launch, includes a Google form for submitting sponsorship applications but lacks detailed information about tokennomics or transparent ownership information.
Analysis on-chain reveals centralized insider activity, with 82% of LIBRA tokens held in a single cluster. According to Bubblemaps data, participants extracted $87.4 million in the first three hours through liquidity manipulation strategies. The group utilized Meteora's one-way liquidity pools instead of selling directly on the market, draining USD and SOL while the token price plummeted over 90%. The detailed wallet analysis of Ember CN has tracked multiple coordinated transactions: An address has turned 1 million USDC into a profit of 8.58 million dollars. Another person has converted 1.1 million USDC into 6.45 million dollars. The third wallet has converted 500,000 USDC into 5.15 million dollars. The rapid collapse has affected the entire cryptocurrency market, even Trump's meme coins have plummeted. Over 50,000 wallets bought LIBRA tokens within two hours of launch, while the total market damage exceeded $6 billion during the three-hour prolonged recession. Milei later distanced himself from the project, deleting the original post and claiming that he "didn't know the details." He described the incident as an attempt by "the dirty rats of the political class" to discredit him.
On-chain analysts then confirmed that the LIBRA group withdrew a total of 107 million dollars, with eight wallets accumulating 57.6 million USDC and 249,671 SOL (49.7 million dollars) through liquidity manipulation and fee requests. This event marks one of the largest and fastest collapses in meme coin history.