A meme can be worth a thousand words—or millions of dollars. But in the chaotic world of meme coins, that value can evaporate as quickly as it appears. Argentina’s financial markets were already on edge, but the latest scandal involving President Javier Milei and the cryptocurrency Libra ($LIBRA) has added an unexpected new risk to the equation. The fallout was swift: Argentina’s S&P Merval stock index dropped, the peso weakened, and yet another reminder was delivered that political figures playing in the crypto space can have very real economic consequences—just not for themselves. The story reads like a textbook case of meme coin mania gone wrong. The Libra token, originally linked to Milei’s administration through social media promotions and high-profile endorsements, surged in value as speculators rushed in. The frenzy reached a tipping point when the project’s social media pages were suddenly deleted, leading to a panic-driven collapse in the token’s price. Investors who had bet on the coin as a Milei-backed project were left scrambling. Meanwhile, Milei and his government quickly distanced themselves, insisting they had no formal involvement in Libra’s creation or operations. It’s a familiar playbook. Just last month, a similar storm brewed in the U.S. when Hawk Tuah…