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 based in the 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 MagazineBishop stares down critics: ‘I turn down many more roles than I take on’Myriam RobinThis restaurant has New York buzz. You’ll never guess where it isThe watch brands courting women with dazzling designsBOSS Financial ReviewThis public servant founded a $4b company. He never wanted to be an entrepreneurSally PattenHow to deal with a difficult managerThe CEO who doesn’t look at her phone until she gets to the officeLife & LeisureGolden Le Creuset and a chic Chanel cuff to wow this Mother’s DayEugenie KellyI tried the one-meal-a-day regime. This is what happenedForget flowers – how about a bouquet of mushrooms?Rich ListAtlassian’s AI plans fail to stop $15b value plungeTess BennettBillionaire Harry Stamoulis sizes up Collins Street towerBillionaire Raphael Geminder faces backlash on Pact delisting plan
