MarketsCurrenciesCryptocurrenciesPrint article‘Meme coin mania is dead’: the rise and fall of the crypto fadAlex GluyasDeputy Markets EditorUpdated Feb 21, 2025 – 2.25pm, first published at 2.05pmSaveLog in or Subscribe to save articleShareCopy linkCopiedEmailLinkedInTwitterFacebookCopy linkCopiedShare via...Gift this articleSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? LoginCryptocurrency traders commiserated over the one-month anniversary of Donald Trump’s failed token with a fresh scandal which threatens to kill the meme coin hysteria that has gripped crypto markets this year.The latest saga involves Argentinian President Javier Milei, who last weekend promoted a token called Libra on X (formerly Twitter). Within hours, the coin’s value more than quadrupled to $US4.5 billion ($7 billion) before crashing.Loading...Alex Gluyas is deputy markets editor and a reporter based in our Melbourne newsroom. Connect with Alex on Twitter. Email Alex at alex.gluyas@afr.comSaveLog in or Subscribe to save articleShareCopy linkCopiedEmailLinkedInTwitterFacebookCopy linkCopiedShare via...Gift this articleSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? LoginLicense articleIntroducing your NewsfeedFollow the topics, people and companies that matter to you.Find out moreRead MoreCryptocurrenciesInvestingDonald TrumpMelania TrumpLatest In CurrenciesFetching latest articlesMost Viewed In MarketsThe Australian Financial Review Magazine‘We don’t want to die wondering’: Jo Horgan on Mecca’s biggest bet yetLauren SamsThis Brisbane restaurant deserves a Michelin starHow Ozempic and other GLP-1s are transforming much more than just waistlinesBOSS Financial ReviewHow the Macquarie CEO played a role in setting me up to lead MagellanSally PattenWhich AI course should I do?No work beyond 1pm on Fridays for this loose kidLife & LeisureBeautify your bedroom with a six-figure bed and chic Bauhaus lampEugenie KellyWhy this former MP has become our optimist in chiefDon’t miss round two of this Michelin-starred pop-up in SydneyRich ListLaurence Escalante gets real deep on Instagram benderHannah WoottonBillionaire furniture mogul’s $12m hinterland retreat smashes recordApartment prices in record jump to $19,000 per square metre
