Solana Meme Coin Chaos: Scandals Spark Investor Risk Debate

• Solana-based meme coin LIBRA links Argentine President Javier Milei to fraud allegations after its promotion and collapse.
• Analysts warn meme coins dilute liquidity, urging focus on Solana’s fundamentals.
• Solana’s ecosystem may fuel a rally, especially with potential ETF approvals.

Solana meme coins are now facing a harsh spotlight: scandals that have involved tokens LIBRA and MELANIA are putting the blockchain’s investor funds at serious risk. These incidents now raise questions on pump-and-dump schemes within the Solana meme coin market, shaking investor confidence.

The cryptocurrencies seeing the highest rises in discussion compared to their normal average rates are:

1) Libra $LIBRA: Discussions have erupted involving the scandal involving Argentine President Javier Milei and the promotion of a Solana-based memecoin #LIBRA. The… pic.twitter.com/8bT0Oae5oN

— Santiment (@santimentfeed) February 18, 2025

Meme Coin Mania Turns Sour on Solana

LIBRA, a token said to be linked to Argentine President Javier Milei, shot up in price after Milei gave it a shout-out. 

He even reposted a how-to guide on getting the Solana-based token. Then, almost in…

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