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The problems began with Milei's announcement linking to a vague website promoting the coin's supposed purpose. As the market cap soared into the billions, suspicion mounted around insider trading activities. Just a day after the initial hype, Milei hastily deleted his tweet, claiming that he had "no connection" to the project and was "not aware" of its details. This withdrawal triggered a significant crash in the coin's value, revealing that the team behind the token might have absconded with over $100 million from the liquidity pool.