MarketsCurrenciesCryptocurrenciesPrint article‘Meme coin mania is dead’: the rise and fall of the crypto fadAlex GluyasMarkets reporterUpdated 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 a markets 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 Markets
