In the case of Argentine President Mille issuing a coin two days ago, the target was the core boss of the coin circle.
Moreover, Mille kept making golden sentences in the TV interview, mainly diss three points:
1. Those who lose money are gamblers

2. The real impact is not big, most of them are robots, there are less than 5,000 real people, and they are mainly Chinese and (in) the United States.

3. The tokens are controlled by a few people, pure cutting of leeks

Affected by this incident, a conspiracy group spread all over the world that attempted to profit by issuing presidential celebrity coins gradually surfaced:

Before, Trump’s wife issued coins, this team also followed this set of procedures:

The direct parties involved in this conspiracy group are Kelsier Ventures and its founder Hayden Davis, and Davis admitted in an interview that his team secretly sabotaged the launch of Libra.

The main content of the Davis interview is:
▪️Before the launch, a senior government official promised that the president's support was guaranteed
▪️When the token plummeted, President Milley deleted the tweet and accused it of being a scam, but the Kip team was innocent and pointed the finger at Davis
▪️Davis said his duty was to provide liquidity and keep treasury funds. Currently, he has $100 million, but he is unwilling to transfer it to Milley or Kip
▪️Davis decided to buy $100 million back into $libra tokens and destroy them, and plans to execute it within 48 hours

And the address information of the direct parties was also dug out by the white hat hacker Chaofan:

Solana was greatly affected by this, including Jupiter, the largest dex on Soalana, which had to send representatives to clarify its relationship with the conspiracy group.
Because according to the clues, Jupiter founder Meow's recent itinerary happened to be in New York, which was consistent with the location revealed by the informant. The interaction of the founder of Meteora in the photo tweet with President Milley and Davis in January is also thought-provoking!
The Argentine government is not clean either.
The government has admitted that President Milley’s confidant/President Milley himself received $5 million to publish this tweet with the $libra contract.

It seems that Solana was seriously injured this time. Pump.fun, where P players are active on a daily basis, also broke the record of not having an internal meme for 30 minutes!

Under the competition of the free market, it is actually normal for such things to happen, and they have also been relatively fully exposed.
After so many operations, everyone is naturally immune to the endorsement of giants and the support of celebrities.