Memecoin market cap surges 5% as prosecutor aims to freeze $110m in LIBRA assets

The Memecoin market experienced a 5% increase in global market capitalization shortly after a prosecutor said that he wanted to freeze $ 110 million as part of an investigation into the scandal of the same Bibla room.

On March 6, the global market capitalization for Same almost reached $ 62 million, child 5% in the last 24 hours of negotiation. Among the most exchanged tokens, Fartcoin (Fartcoin) increased by almost 27% at a price of $ 0.35 while the official room of Trump (ASSET) increased by 2.3%. Trump is currently negotiating at $ 13.70.

The market for the same part experienced a major crisis after a series of decreases of “presidential coins”, from the official piece of Trump’s meme at the balance even approved by the Argentinian president Javier Milei. It seems that the market slowly recovers from the accident.

More recently, an Argentinian federal prosecutor Eduardo Taiano told the media that he intended to freeze around $ 110 million in assets within the framework of a current survey on the Argentine The president’s involvement in the collapse of the scale even corner, according to the local media Clarify.

Not only that, the prosecutor also submitted a request for access to the deleted publications of President Milei, in particular those which indicated that he would have promoted the Solana (GROUND) – same based.

As part of the probe, the authorities would be able to freeze the funds in digital portfolios linked to the scandal of the same. The data on the chain show that there were at least eight portfolios linked to the Balance team which made a profit of $ 107 million before the possible fall of the token.

Recently, funds for an amount of $ 4.5 million has been from one of the portfolios to a new digital address. It would then have been used to buy the same Pope, which could indicate any money laundering efforts. The Pope Same Coin is currently negotiated at $ 0.18.

What is the scandal for the same corner?

The scandal was nicknamed “Libragate” by traders and led the Argentines to request the dismissal of President Javier Milei. It started when Milei shared an article on his account on social networks on February 15 at 5:01 a.m., the promotion of a token which, according to him, would help stimulate “the Argentinian economy by funding small projects”.

However, the same has crashed shortly after its launch, to erase $ 4.4 billion in market capitalization thus affecting the overall coin market. According to a Nansen reportBetween February 14 and February 18, around 86% of Libra merchants suffered losses amounting to $ 251 million.