Coinbase CEO Brian Armstrong compared meme coins to early internet trends like animated GIFs, suggesting they could evolve into meaningful assets while reaffirming Coinbase’s commitment to a free-market approach. He warned against insider trading and illegal activities in the space but emphasized that if a token is legal and in demand, Coinbase will list it while providing unbiased information.
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Nansen Research reports that 86% of traders lost a total of $251 million on the Solana-based LIBRA memecoin, which briefly surged after Argentine President Javier Milei’s tweet before crashing 95%. While some traders profited $180 million, over 1,000 wallets still hold unrealized losses of $11 million. Milei, now facing fraud charges, has denied promoting the token, claiming he only intended to "spread the word."
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When you are poor😂😂
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