Altcoins

Ethereum’s native token, Ether (ETH), dropped below $2,000 on March 10, and the altcoin has struggled to regain a position above the psychological level.

While Bitcoin (BTC) and XRP (XRP) exhibited minor recoveries over the past 24 hours, Ether prices failed to display bullish momentum in the charts.

The altcoin plummeted to a multi-year low of $1,752 on March 11. However, onchain data and technical analysis indicate that the price could drop an additional 15% in the coming weeks.

Ethereum dips below realized price after 2 years

The current price deviation below $2,000 carried onchain implications for the altcoin. According to Glassnode, a data analytics platform, ETH dropped below its realized price of $2,054 for the first time since February 2023.

ETH realized price calculates the average price of each ETH last moved, representing the average cost basis of the total circulating supply. The current drop below the realized price indicates widespread unrealized loss for all ETH holders.

The market value to realized value (MVRV) ratio also dropped to 0.93, indicating a 7% average loss for all ETH holders across the network. However, it is important to note that the realized price reflects the weighted average of all historical transactions. Hence, it encompasses the cost basis of every ETH holder, not a specific timeframe like 2023 to 2025.

Meanwhile, Ethereum’s total value locked (TVL) dropped to a six-month low of $45.6 billion on March 12, down 41% from its peak of $77 billion on Dec. 17, 2024.

Additionally, the total fees users paid to use Ethereum fell to $46.28 million—the lowest level since July 2020—further signaling weakening network engagement.

Related: Starknet to settle on Bitcoin and Ethereum to unify the chains

Ether price between $1.6K-$1.9K is “attractive”

In a recent X post, Glassnode explained how Ethereum’s cost-basis distribution could be useful in identifying potential support levels for ETH. Based on a weekly outlook, Ether’s recent drop below $1,880 led to an accumulation of 600,000-700,000 ETH around $1,900. The post states,

“This suggests $1.9K could establish itself as a support if $ETH consolidates at current levels. Above spot, $2.2K (465K $ETH) is the potential next resistance. The supply gap between $1.9K and $2.2K remains thin, making a short-term move towards resistance plausible.”

At the same time, anonymous analyst Ninja believes that the floor price for Ethereum remains between $1,600 and $1,900.

The trader added that the above range is an “attractive region for commercial money” and set a high swing target at $2,500.

Related: Bitcoin whales hint at $80K ‘market rebound’ as Binance inflows cool

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

The Chicago Board Options BZX Exchange (Cboe) has submitted an application on behalf of asset manager Franklin Templeton to list a Solana (SOL) exchange-traded fund (ETF) in the United States.

According to the March 12 filing, Franklin Templeton’s proposed ETF will hold spot SOL, and the filing encouraged the Securities and Exchange Commission to allow the fund to stake its underlying crypto for additional rewards.

“Not staking the Fund’s SOL would amount to waiving the Fund’s right to free additional SOL, an act analogous to an equity ETP refusing dividends from the companies it holds,” the filing read.

Franklin Templeton registered a Solana trust on Feb. 10, joining the ranks of Grayscale, Bitwise, VanEck, 21Shares and Canary Capital, who have all applied to list Solana-based investment vehicles.

Solana was one of the digital assets US President Donald Trump named for inclusion in the US crypto stockpile before pulling back to include only tokens seized through enforcement actions.

Related: Franklin Templeton launches US gov’t money fund on Solana

Decisions on crypto ETFs delayed

Former SEC Chair Gary Gensler’s resignation in January 2025 sparked a torrent of crypto ETF filings, including several Solana-based products from asset managers anticipating a more relaxed regulatory climate.

However, on March 11, the SEC announced it had delayed the decision on several altcoin ETFs, including applications for Solana, Litecoin (LTC), Dogecoin (DOGE) and XRP (XRP) products.

The financial regulator said it needed more time to evaluate the rule change approving the proposals.

According to Bloomberg ETF analyst James Seyffart, this extended deliberation was standard procedure, and he argued that this doesn’t affect the high likelihood of the ETF applications being approved.

The analyst added that the final approval deadline for these altcoin ETFs wasn’t until October 2025.

Franklin Templeton CEO Jenny Johnson believes the Trump administration will follow through on the president’s pro-crypto agenda and integrate traditional financial systems with crypto.

“I do think that it’s likely that ETFs and mutual funds will ultimately be built on blockchain just because it’s an incredibly efficient technology,” Johnson told Bloomberg in a Jan. 21 interview.

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American asset manager Franklin Templeton has entered the growing XRP exchange-traded fund (ETF) race, becoming the latest firm to file for a spot XRP ETF in the United States.

Franklin Templeton’s XRP (XRP) ETF is designed to track the performance of the XRP price, with XRP holdings stored at Coinbase Custody Trust, according to an official filing with the US Securities and Exchange Commission on March 11.

On the same day, the SEC postponed decisions on multiple crypto ETF filings, including Grayscale’s proposal to convert its XRP Trust into an ETF.

Despite the growing XRP ETF filing frenzy, BlackRock — issuer of the largest spot Bitcoin (BTC) ETF — has yet to submit a filing for an XRP-based product.

Who has filed for an XRP ETF in the US?

As of March 12, nine companies have filed for XRP ETF products in the US, including major issuers like Bitwise, ProShares, 21Shares and others.

Bitwise, one of the world’s largest crypto funds managers, was the first firm to submit a Form S-1 filing for an XRP ETF on Oct. 2, 2024.

Canary Capital subsequently followed, filing a Form S-1 for a similar product on Oct. 8, 2024.

Switzerland-based crypto investment firm 21Shares and US ETF provider WisdomTree also filed for XRP ETFs in late 2024, with filings coming in November and December, respectively.

Asset manager ProShares joined the XRP ETF race in 2025 by filing for several XRP ETF products with the SEC on Jan. 17, including the ProShares XRP ETF and three additional XRP investment products.

Related: VanEck registers Avalanche ETF in US as AVAX drops 55% year-to-date

Another XRP ETF filing came from the European crypto investment firm CoinShares in January, with Grayscale proposing to convert its XRP Trust into an XRP ETF trading on the New York Stock Exchange on Jan. 30.

Volatility Shares, a Florida-based financial services firm founded in 2019, also filed three XRP ETF products on March 7, including the Volatility Shares XRP ETF, the Volatility Shares 2x XRP ETF and the Volatility Shares -1x XRP ETF.

Other filings featuring XRP ETFs

Beyond dedicated XRP ETF filings, at least two asset managers have included XRP in broader crypto ETF products.

On Jan. 21, asset manager REX-Osprey filed for an “ETF Opportunities Trust,” which includes seven ETFs tracking assets including major coins such as XRP and Bitcoin, as well as memecoins like Bonk (BONK) and Official Trump (TRUMP).

Similarly, Tuttle Capital Management submitted an ETF opportunities trust filing, including 10 daily target ETFs, covering assets such as XRP and Melania (MELANIA).

Aside from BlackRock, a number of crypto ETF providers have not yet filed for XRP ETFs, including Invesco, VanEck, ARK Invest, Fidelity Investments and Galaxy Digital.

Magazine: SEC’s U-turn on crypto leaves key questions unanswered

The Web3 gaming industry is facing tighter investment conditions as capital flows become more selective, with investors prioritizing sustainable projects over hype-driven fundraising.

In February, Gunzilla Games Web3 director Theodore Agranat described blockchain gaming as a “game of musical chairs” in which the same capital cycles through different projects and “no new money” comes in. The executive also said users go from project to project to extract value. After that, they leave and search for the next project.

In the same month, the much-anticipated Web3 game Illuvium announced a 40% layoff, demonstrating the need for teams to go “super lean” in today’s market. Sky Mavis co-founder and CEO Trung Nguyen announced a similar move in October 2024, cutting 21% of its staff to optimize its budget for upcoming projects. 

Despite these events, Web3 gaming professionals said that capital still exists, and explained some of the factors contributing to the industry-wide trend. 

Investors no longer blindly throw their money at projects

Sky Mavis co-founder Jeffrey Zirlin told Cointelegraph that Web3 gaming is not uniquely struggling but rather experiencing the same capital constraints affecting the broader crypto industry.

The executive said Web3 gaming is not facing a unique challenge as the landscape is “tight across the board.” 

Still, Zirlin pointed out exceptions. He cited Fableborne, a mobile Web3 game that was oversubscribed by 16,000% despite the market downturn, as demonstrating that “fresh capital was indeed flowing into Ronin,” the Sky Mavis blockchain network. He added: 

“It’s not that investment has dried up entirely. It’s just that investors are no longer blindly throwing money at projects like they did with so-called ‘Axie killers’ that failed to deliver.”

“Axie killers” was a term used to describe gaming projects that claimed to be the next big Web3 game that would surpass Axie Infinity, Sky Mavis’ flagship Web3 game. 

Meanwhile, The Sandbox co-founder and chief operating officer Sebastien Borget told Cointelegraph that the “game of musical chairs” description suggests a degree of randomness. Borget said he disagrees with this. 

The executive said that while new capital is more limited and investors are more cautious, there is now less of the unpredictability previously fueled by hype cycles. 

“The success of blockchain games increasingly depends on the ability to meet traditional gaming metrics. These include delivering compelling content and gameplay, fostering sustainable user acquisition, establishing a strong in-app economy and building a loyal user base,” he added. 

Related: Axie Infinity teases new Web3 game as NFT outlook turns positive

Projects can’t just “slap NFTs” into a game and raise millions

Josh Gier, chief marketing officer of the gaming tournaments platform Coliseum, told Cointelegraph that the days of simply adding non-fungible tokens (NFTs) to a game and earning massive support from crypto investors are gone. 

“Yes, the speculative phase of blockchain gaming, where projects could raise millions just by slapping NFTs onto a game, has cooled off. But that doesn’t mean capital has disappeared,” Gier said. 

The executive said the capital is becoming more selective and flows toward projects with strong fundamentals and sustainable economies.

“Investors are showing interest in games that integrate Web3 elements in a way that enhances the player experience rather than focusing solely on financial incentives,” Gier added. 

Vineet Budki, the CEO of venture firm Sigma Capital, said some core investors, like Animoca Brands, specifically focus on the blockchain gaming segment. He said that games take longer to build, unlike other niches, so gaming investments take longer to bear fruit. 

Still, the executive said, raising Web3 gaming capital has become more complicated. “Gone are the times when you would make a video on gameplay, have attractive tokenomics and raise capital,” Budki said in a statement sent to Cointelegraph. 

The executive said that teams building great games and having knowledge of the distribution process are the elements that can attract capital. 

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The US Securities and Exchange Commission has delayed its decision to approve several XRP, Solana, Litecoin and Dogecoin exchange-traded funds.

In a slew of filings on March 11, the agency said it has “designated a longer period”  to decide on the proposed rule changes that would allow the ETFs to proceed.

Among the affected ETFs are Grayscale’s XRP (XRP) and Cboe BZX Exchange’s spot Solana (SOL) ETF filings, with the decisions on them pushed until May.

Bloomberg ETF analyst James Seyffart said in a March 11 X post that while the SEC just “punted on a bunch of altcoin ETF filings,” he didn’t see it as a cause for concern. “It’s expected, as this is standard procedure.” 

He added that US President Donald Trump’s pick to chair the SEC, Paul Atkins, “hasn’t even been confirmed yet.”

“This doesn’t change our (relatively high) odds of approval. Also note that the final deadlines aren’t until October,” Seyffart said.

Fellow Bloomberg ETF analyst Eric Balchunas also chimed in, saying that “everything [is] delayed,” including ETFs featuring Ether (ETH) staking and in-kind redemptions.

Un early December, Trump picked pro-crypto businessman and former SEC Commissioner Atkins to be the agency’s next chair. However, congressional confirmation hearings are yet to be scheduled.

This is not the first time the SEC has extended an ETF decision deadline. On Feb. 28, it extended the deadline for Cboe Exchange’s request to list options tied to Ether (ETH) ETFs.

This followed the SEC receiving a raft of altcoin ETF filings in the wake of Trump’s election and the resignation of former SEC Chair Gary Gensler.

Related: Altcoin ETFs are coming, but demand may be limited: Analysts

Gensler’s time at the SEC came with what the industry said was an aggressive regulatory stance toward crypto, with 100 crypto-related regulatory actions during his tenure from 2021 until his resignation on Jan. 20.

Since Gensler’s departure, a growing number of firms facing legal action from the regulator have had their cases dismissed, including crypto exchange Gemini on Feb. 26 and crypto trading firm Cumberland DRW on March 4.

Meanwhile, acting SEC Chairman Mark Uyeda has also proposed abandoning part of a rule change that would have expanded regulation of alternative trading systems to include crypto firms.

Magazine: SEC’s U-turn on crypto leaves key questions unanswered

Deutsche Boerse’s trading unit, Clearstream, is preparing to launch cryptocurrency custody and settlement services for institutional clients in 2025 amid increasing demand for regulated digital asset infrastructure.

The German exchange group plans to offer Bitcoin (BTC) and Ether (ETH) custody to its more than 2,500 institutional clients, with services expected to begin in April, according to a Bloomberg report on March 11.

Clearstream will provide these digital asset services through Crypto Finance AG, a Switzerland-based subsidiary in which Deutsche Boerse acquired a majority stake in 2021.

Deutsche Boerse’s trading unit also aims to launch support for other cryptocurrencies and diversified services such as staking, lending and brokerage capabilities.

“With this offering, we are creating a one-stop shop around custody, brokerage and settlement,” Jens Hachmeister, head of issuer services and new digital markets at Clearstream, told Bloomberg.

The move aligns with a growing institutional push toward regulated crypto services in Europe following the implementation of Markets in Crypto-Assets Regulation (MiCA), which went into full effect for crypto asset service providers on Dec. 30, 2024.

The institutional offering came nearly two months after Boerse Stuttgart Digital Custody became Germany’s first crypto asset service provider to receive a full license under MiCA, Cointelegraph reported on Jan. 17.

Boerse Stuttgart’s license was part of the firm’s efforts to become a regulated infrastructure provider for banks, brokers and asset managers.

Related: EU MiCA rules pose ‘systemic’ banking risks for stablecoins — Tether CEO

Europe’s MiCA poses overregulation concerns

While MiCA is widely viewed as a positive step for global crypto regulation, some industry experts worry about potential regulatory overreach that could impact retail investors and drive crypto firms out of Europe.

While the regulation is a significant step toward a more mature industry, it also seeks to identify the “weak points of control” in the crypto space, which could mean more scrutiny for retail investors and the end-users of crypto platforms, according to Dmitrij Radin, the founder of Zekret and chief technology officer of Fideum, a regulatory and blockchain infrastructure firm focused on institutions.

“Retail users will be way more obligated to provide information, data which will be screened. They will be accounted for. Most Europeans will see taxation,” Radin told Cointelegraph.

Related: 20% of Gen Z, Alpha sees crypto as retirement alternative: Report

The regulation also raises the possibility of enforcement actions against blockchain protocols that fail to comply with MiCA standards. European governments may pursue legal cases against noncompliant platforms during the early implementation phase.

Other blockchain regulatory experts fear that MiCA will introduce consolidation among crypto firms with limited capital, leading to a potential crypto firm exodus to the Middle East due to more lenient regulations.

Magazine: SEC’s U-turn on crypto leaves key questions unanswered

US lawmakers are set for a heated debate on stablecoin regulation, with key industry leaders expected to outline their vision for the future of digital asset oversight.

Charles Cascarilla, co-founder and CEO of stablecoin issuer Paxos, is scheduled to testify before the House Financial Services Committee, where he will urge lawmakers to establish “cross-jurisdictional reciprocity” in stablecoin regulations.

In his prepared testimony, Cascarilla flagged concerns about the existing hurdles in the adoption of Paxos’ Global Dollar (USDG) stablecoin due to it being issued via a regulated affiliate in Singapore.

“We fear that products like Paxos’ Global Dollar (USDG) stablecoin, issued by a regulated affiliate in Singapore, will languish while departments and agencies make their determinations,” Cascarilla wrote in his speech.

US must act to prevent regulatory stablecoin arbitrage

Cascarilla recommended US lawmakers strengthen the current “international reciprocity language” to include clearly defined, accelerated timelines for the US Treasury Department to designate overseas jurisdictions for stablecoin regulation.

“This timeframe would force swift action and prevent bureaucratic delays while guaranteeing thorough scrutiny of foreign regulatory regimes,” the executive said.

Cascarilla emphasized that potential delays in applying such action would be a major hurdle in the adoption and distribution of stablecoins like USDG in the US as well as cross-border operations. 

“Reciprocity is not about lowering standards — it’s about raising them globally,” Cascarilla said, adding:

“By establishing a framework to recognize jurisdictions with comparable regulatory regimes — covering reserve requirements, AML measures and cybersecurity protocols — the United States can prevent regulatory arbitrage, where issuers exploit lax oversight abroad.”

Paxos stablecoins were deemed non-compliant in the EU

Cascarilla’s remarks come amid some Paxos-issued stablecoins facing compliance issues in the European Union following the enforcement of its crypto regulation framework, Markets in Crypto-Assets (MiCA).

Since the MiCA framework went into full force in December 2024, multiple crypto asset service providers in the EU — including Crypto.com and Coinbase — have announced the delistings of Paxos stablecoins, including Pax Dollar (PAX) and Pax Gold (PAXG).

While Paxos’ Cascarilla is now calling for the US to take urgent action in forcing a global framework for stablecoin issuers that are regulated outside of the US, some industry CEOs have urged all stablecoin firms to get regulated domestically instead.

In February, Circle co-founder Jeremy Allaire argued that all dollar-based stablecoin issuers should register in the US, citing consumer protection and fair competition in the crypto market. He stated:

“Whether you are an offshore company or based in Hong Kong, if you want to offer your US dollar stablecoin in the US, you should register in the US just like we have to go register everywhere else.”

Issued and regulated in the US, Circle’s USDC (USDC) stablecoin was officially approved as the first MiCA-compliant stablecoin in 2024.

Magazine: How crypto laws are changing across the world in 2025

Global investment firm VanEck registered an Avalanche exchange-traded fund (ETF) in the United States, hinting at a forthcoming filing for a spot AVAX ETF.

VanEck, on March 10, registered a new cryptocurrency investment product called VanEck Avalanche ETF in Delaware, according to public records on the official Delaware state website.

Similar to other crypto ETF filings by VanEck, the potential new product under filing number 10125689 was registered as a trust corporate service company in Delaware.

The filing comes amid a major market sell-off, with Avalanche (AVAX) dropping 55% year-to-date, while Bitcoin (BTC) is down around 17% in 2025, according to CoinGecko.

Fourth standalone crypto ETF registration by VanEck

With the new filing, Avalanche became the fourth crypto asset to see a standalone ETF registration by VanEck in Delaware, following Bitcoin, Ether (ETH) and Solana (SOL).

As previously reported, VanEck filed for a spot Solana ETF with the Securities and Exchange Commission (SEC) in June 2024, becoming one of the first issuers to file for such a product.

VanEck —  among the first spot Bitcoin ETF issuers in the US in 2024 — has emerged as one of the major ETF players in the crypto market, known for being the first ETF provider to file for a futures Bitcoin ETF in 2017.

What other issuers have filed for an Avalanche ETF in the US?

Launched in 2020 by Emin Gün Sirer’s Ava Labs, Avalanche is a multichain smart contract and decentralized app launch platform that was created to rival the speed and scalability of Ethereum.

Avalanche’s native utility token AVAX made it to the top 10 largest crypto assets by market capitalization in 2021. At the time of writing, the token is the 20th largest crypto asset with a market cap of $7 billion, according to CoinGecko.

Related: Bitwise files to list a spot Aptos ETF — the 36th largest cryptocurrency

Some crypto community members highlighted that VanEck was moving forward with a potential Avalanche ETF before registering an XRP (XRP) ETF.

In an X post reposted by VanEck digital asset research head Matthew Sigel, one commenter wrote:

“VanEck have filed an AVAX ETF before an XRP ETF. Come on then, Matthew Sigel, who is your handler telling you not to file an XRP ETF?”

VanEck’s Avalanche ETF registration appears to be the first registration for the product in the US.

Previously, rival crypto ETF provider Grayscale filed with the SEC to convert its multi-coin fund, including AVAX and four other crypto assets, into an ETF in October 2024.

Magazine: SEC’s U-turn on crypto leaves key questions unanswered

The XRP (XRP) daily chart registered its lowest candle close in 99 days on March 10. The altcoin dropped below the $2 support level but registered a short-term recovery of 12% on March 11.

On the high time frame (HTF) charts, XRP must hold above its psychological level at $2, but other metrics suggest that a deeper drawdown is possible.

XRP markets lack buyers as futures flip bearish

XRP price is currently down 37.1% from its all-time high of $3.40. When prices dipped by a similar percentage on Feb. 3, spot market bids quickly absorbed the selling pressure, pushing XRP above $2.50.

However, XRP‘s spot and perpetual markets were relatively bearish over the past week. Data from aggr.trade indicates that XRP’s spot cumulative volume delta (CVD) dropped by 50% in March.

A negative CVD means that there is more selling volume than buying. The current CVD value is -$408 million, which signals waning demand, with sellers taking control.

Likewise, futures traders are also turning bearish, with perpetual CVD dropping to -1.18 billion on March 11. XRP’s open interest-weighted funding rate has also turned significantly negative, which indicates more short positions were added over the past few days.

XRP whales continue selling spree

XRP’s volume bubble map showed a surge in activity toward the end of February. Ki-Young Ju, CryptoQuant founder, observed that this uptick aligned with an ongoing distribution phase for XRP.

Distribution refers to a period in the market cycle when large investors slowly offload their positions to secure gains, usually happening close to the peak of an upward trend.

Related: Why is the XRP price down today?

Current data reveals that the distribution phase has intensified over the past seven days. Specifically, whale outflows, measured as a 30-day moving average, have steadily risen.

This increase suggests that large holders continued to offload their XRP positions, further driving the distribution trend.

Between March 4 and March 10, these large XRP holders offloaded roughly $838 million in positions. This significant sell-off reflects the ongoing bearish trend for XRP.

XRP price H&S pattern hints at $1.60 retest

On March 11, XRP’s 1-day chart closed below $2.05, which is the critical neckline of the daily head-and-shoulders pattern. This pattern has potentially strong bearish consequences when observed on a high time frame (HTF) chart.

Lower prices are likely if XRP fails to reclaim $2.05 as support, as illustrated in the chart above.

The immediate target zone for the XRP price remains between 0.5 and 0.618 Fibonacci retracement lines. Also known as the “golden zone,” the retest range lies between $1.90 and $1.60. The likelihood of retesting the 0.618 Fibonacci or $1.60 is high in the current bearish environment.

Failure to hold this range could lead to a retest of the long-term demand zone between $1.58 and $1.27.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

The X account of Meteora co-founder Ben Chow was reported to have been hacked after it posted a tweet reigniting the controversy around the launch of the Libra (LIBRA), Melania Meme (MELANIA) and Official Trump (TRUMP) memecoin tokens that ultimately led to his resignation.

On March 11, Chow’s X account posted an “official statement” about his departure from Meteora. The post called out DefiTuna founders Vlad Pozniakov and Dhirk, claiming the duo’s sole intention was to extract the maximum funds possible from various memecoin token launches, including MELANIA, Mates (MATES) and a Raydium launch.

“As a long time Solana builder, the reason I stepped down is because I am far too trusting for how parasitic the memecoin space is.”

The controversial memecoin plot thickens for Meteora 

However, Meteora’s official X account flagged the post as fraudulent, claiming that Chow’s X account was compromised and urged users to refrain from clicking on any links.

Chow did not respond to Cointelegraph’s request for comment. The fraudulent tweet has since been deleted after the account was recovered by Meteora.

Chow’s message contained alleged screenshots of WhatsApp conversations between Kelsier Ventures CEO Hayden Davis, Kelsier Ventures’ chief operating officer Gideon Davis, and Pozniakov discussing the MATES token, where one was quoted saying: “Yeah fellas tbh we are trying to max extract on this one.”

The legitimacy of the conversations could not be verified.

Meteora co-founder Zen, who has since taken up the role of CEO, said that Meteora’s X account was also compromised along with Chow’s:

“It’s true that someone gained access momentarily to our Meteora X account. We’ve since reset the account and now verifying.”

Investors were advised against clicking on any links shared from the accounts to avert financial losses.

Related: Milei’s ‘Libragate’ scandal, explained: What’s behind the controversy?

Implications of memecoin speculation in Argentine politics

Argentine President Javier Milei is facing calls for impeachment after endorsing a Solana-native LIBRA token. Milei’s endorsement caused the token’s value to surge from near zero to $5, briefly reaching a $4 billion market capitalization.

However, a massive sell-off event followed that caused LIBRA’s value to drop rapidly, wiping out millions in investor funds in the process.

Milei dismissed rug pull allegations, claiming that he regularly promotes business projects as part of his free-market philosophy. His endorsement of the KIP Protocol, the developers behind LIBRA, was a part of the broader policy.

Magazine: Mystery celeb memecoin scam factory, HK firm dumps Bitcoin: Asia Express