Fundstrat Digital Asset Strategy Director: Sentiment towards Ethereum ETF Launch is Overly Pessimistic

A token promoted by Argentinian President Javier Milei crashed 95% from its peak market cap of over $4.5 billion after insiders cashed out $107 million worth of tokens, according to LookOnChain.Milei, who had promoted the token with a pinned X post, rescinded his endorsement and distanced himself from the project.KIP Protocol, a Web3 firm associated with the token, denied profiting from the sale in an X space.