Argentine President Javier Milei has dissolved the task force investigating his promotional involvement with the Libra meme coin, shortly after its initial launch triggered a substantial value spike followed by a crash. The decision came after completion of the investigation, although details were not publicly disclosed. Milei had faced criticism following his promotion of the Solana-based token, which was perceived by some as a 'pump-and-dump' scheme, sparking political backlash and demands for accountability. Despite ongoing criminal inquiries, recent political wins for Milei, alongside economic stabilization measures that have reduced inflation, appear to have bolstered his position, prompting the closure of the investigation. The Libra token's price surged nearly 60% recently, potentially indicating investor optimism for the project's revival amidst the controversy. This event reflects the broader uncertainty and volatility associated with meme coins in the cryptocurrency market.

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