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President Javier Milei withdrew his support for LIBRA, citing a lack of due diligence. LIBRA’s price crashed nearly 89% within hours, with allegations of a pump-and-dump scheme. On-chain analysts flagged suspicious fund movements and centralized control of the token supply. Argentina’s President Javier Milei has retracted his endorsement of the LIBRA meme token, stating he had no connection to the project. His reversal comes after the token’s price tanked almost 89% in just hours, sparking alarm in the crypto community. Milei had initially promoted LIBRA in a now-deleted post on X, linking it to the Viva La Libertad Project, which claimed it would help Argentina’s economy by funding small businesses. However, after learning more details, he took down his tweets and clarified that he had not conducted proper due diligence before endorsing the project. In his words: <blockquote> “I initially supported a supposed private enterprise with which I have no connection. After becoming aware of the details, I decided to discontinue spreading the word.” <blockquote> LIBRA’s Price: Up Fast, Down Faster Right after Milei’s initial endorsement,… The post Argentina President Milei Backpedals on LIBRA Meme Token After 89% Plunge in Value appeared first on Coin Edition.

I’m manifesting next week! PUMP. GREEN. LAMBO. FOMO. What do I miss 😂

OG bitcoin tradoors will know that after such a pattern conoslidation -&gt; the biggest possibility is a crazy pump.

TL;DR XRP briefly surpassed $2.80, driven by the SEC’s acknowledgment of 21Shares’ XRP ETF application. Analysts predict further gains, with targets ranging from $2.94 to $3.03 if the price maintains momentum above key support levels. The Rally Goes on Ripple’s XRP has been at the forefront of gains in the past few days, outperforming most cryptocurrencies from the top 20 club. Its price charted another 8% increase on a 24-hour scale, briefly rising to a two-week high of $2.82 (per CoinGecko’s data) before slightly retracing to the current $2.76. XRP Price, Source: CoinGecko The US SEC’s decision to acknowledge 21Shares’ application to convert its XRP Trust into an exchange-traded fund (ETF) is the most likely factor fueling the pump. Earlier this month, the securities regulator acknowledged a similar proposal filed by the world’s biggest digital asset manager – Grayscale. The aforementioned developments mean the SEC has officially received the applications and started a formal review process, which usually lasts up to 240 days. In the end, the watchdog must either approve or deny the ETF filings. A potential green light would give investors additional options to gain exposure to XRP’s price movements, providing a level of protection and oversight. It also removes the burden of having to buy, store, or secure the cryptocurrency directly. Meanwhile, a possible approval could also indicate that the SEC has embraced an entirely different approach toward the digital asset industry. Recall that the agency was not that friendly during Gary Gensler’s tenure, filing countless lawsuits against crypto businesses such as Ripple. The former Chairman resigned on January 20 and was succeeded by Mark Uyeda, who seems much more open to innovation and positive toward the cryptocurrency industry. XRP’s Next Potential Targets According to multiple market observers, the asset’s price has much more room for growth. The X user CRYPTOWZRD noted that XRP closed the previous day “strongly bullish,” expecting a further uptrend toward the $3.03 resistance target and beyond. Others who recently contributed include Ali Martinez and EGRAG CRYPTO. The former predicted a rise to $3 as long as the price held steady above $2.30. The latter suggested that “a strong close” above $2.75 could result in a local high of $2.94. “Remember, anything below $3.40 is merely noise in the market,” the analyst added. The post Ripple (XRP) Price Explodes to Two-Week High: Here’s Why appeared first on CryptoPotato.

#Altcoins pump in Q4 2024 was just a teaser The next pump in the alts will be historical. ▫️ Ethereum big upgrades ▫️ Staking feature in ETH ETFs ▫️ Multiple Altcoin ETFs approval ▫️ FTX distribution ▫️ Trump altcoins buy All these factors will kickstart the next leg up 🚀