Solana-Based $LIBRA Surges 60% After Milei’s Retweet

• $LIBRA, a Solana-based token, surged over 60% after Milei’s retweet.
• The Argentine President shared a tutorial on purchasing the coin.
• The endorsement triggered a spike in trading volume and investor interest.

The cryptocurrency market witnessed an unexpected rally for $LIBRA, a Solana-based coin, which soared over 60% after Argentina’s President Javier Milei retweeted a tutorial on how to buy it. The endorsement led to a sharp rise in investor interest and trading volume, making $LIBRA one of the top-performing tokens of the day.

Milei’s Influence on Crypto Adoption

Javier Milei, known for his libertarian stance and pro-crypto views, has been vocal about decentralization and financial freedom. His retweet of a guide on purchasing $LIBRA instantly caught the attention of crypto enthusiasts and investors. The tweet fueled speculation that Milei supports the project, leading to a surge in demand.

This isn’t the first time Milei has influenced crypto markets. Since taking office, he has advocated for Bitcoin and blockchain technology as alternatives to traditional banking. His growing influence on Argentina’s financial landscape has made him a key figure in crypto adoption within the country.

🚨 NOW: Solana-based coin $LIBRA surged over 60% after Argentina’s President Javier Milei retweeted a tutorial on how to buy it. pic.twitter.com/vYC5JQHhCB

— Cointelegraph (@Cointelegraph) February 17, 2025

Market Reaction and Future Outlook

Following the retweet, $LIBRA’s price skyrocketed, accompanied by a surge in trading activity. Analysts suggest that such high-profile endorsements can significantly impact price movements, though volatility remains a concern.

While it remains unclear whether Milei has any official ties to $LIBRA, the market’s reaction highlights the power of political figures in shaping investor sentiment. If Argentina continues its pro-crypto stance, more local tokens could benefit from similar trends in the future.