LIBRA, Solana, and Melania discussions dominate social media buzz

Santiment data unveiled six crypto projects with the highest spike in social media discussions compared to their average rates. The LIBRA scandal, MELANIA’s scam FUD, Solana-based memecoins, and the FORT and STORJ tokens were some of the crypto topics dominating social media buzz.

According to Santiment, discussions involving the Argentine President and the fraud over the LIBRA token collapse have erupted on social media. Traders also discussed memecoins on the Solana network and the recent market dynamics affecting their values. MELANIA, the meme token named after Melania Trump, also received its fair share of social media interest in association with the recent crypto scandal involving the Melania token and the Libra memecoin.

Many social media users were also talking about Ethereum’s market upswing, with much of the discussion focusing on Ethereum’s price fluctuations, comparisons with other tokens, and overall market sentiment. The FORT token was trending mainly due to its relation to audits of Fort Knox gold reserves.

Prominent figures like Elon Musk are calling for transparency regarding the gold stored at Fort Knox, which has led to a surge of interest and speculation about the FORT token. The STORJ altcoin also sparked social media discussions, with many users encouraging others to buy and hold the token in anticipation of price increases.

Santiment unveils cryptocurrencies with above average social media buzz

🗣️ The cryptocurrencies seeing the highest rises in discussion compared to their normal average rates are:

1) Libra $LIBRA: Discussions have erupted involving the scandal involving Argentine President Javier Milei and the promotion of a Solana-based memecoin #LIBRA. The… pic.twitter.com/8bT0Oae5oN

— Santiment (@santimentfeed) February 18, 2025

Santiment’s February 18th data revealed that LIBRA, MELANIA, FORT, STORJ, and Solana-based memecoins received above average interest among social media users. Libra trended on social media due to its collapse, which was linked to the Argentine president. The president’s endorsement and subsequent retweet of a tutorial on how to buy the token led to a significant surge in its value, followed by a collapse that prompted legal action against him.

According to Santiment, traders expressed skepticism about the viability of Solana-based memecoins, suggesting they may be scams or subject to significant price fluctuations. Additionally, there were sentiments about the asset’s market performance compared to Ethereum, with some social media users advocating for a shift in investment strategies.

The recent crypto scandal involving the MELANIA and the LIBRA memecoins also sparked outrage among investors as analysts from Bubblemaps revealed that both tokens were launched by the same team. The connection raised concerns about potential scams and insider trading. 

Many users also discussed Ethereum’s price fluctuations, comparisons with other tokens, and overall market sentiment. As per Santiment, Ethereum appeared alongside other major cryptocurrencies like Bitcoin and Binance Coin, indicating its relevance in the current financial landscape.

The FORT token trended on social media platforms as Elon Musk and other prominent crypto figures called for transparency regarding the gold stored at Fort Knox. Conversations included humorous takes and serious inquiries about the legitimacy of the gold holdings. There were also references to potential audits and the historical context of Fort Knox’s gold reserves.

Santiment further revealed that social media users were expressing bullish sentiments about the STORJ token. Many users encouraged others to buy and hold the token in anticipation of price increases as other chats highlighted various price points, resistance levels, and the potential for significant gains.

Milei faces prison time for the biggest government-backed ‘rug-pull’ in history

The head of product at Lisk, Max Koranteng, said a class-action lawsuit against President Milei had been filed by local lawyers and a former head of Argentina’s Central Bank. Javier Milei, Argentina’s president, is on the spot over the promotion of the Solana-based memecoin Libra. On-chain data revealed insider dumping before Milei deleted his promotional tweets.

Koranteng added that President Milei’s administration had launched its own investigation as members of the opposition called for the president’s impeachment over the scandal. According to Koranteng, crypto influencers, and even Jupiter/Meteora insiders allegedly knew about LIBRA weeks before launch. Dave Portnoy, the founder of Barstool Sports, is among those who offered LIBRA tokens for ‘informational support.’ Jupiter denied allegations of insider trading.

Hayden Davis, the CEO of Kelsier Ventures, distanced himself from the scandal and claimed innocence, saying that he was ready to return $100M. KIP protocol also denied involvement and shifted blame to Kelsier Ventures, which was mentioned in connection to the MELANIA memecoin.

Cryptopolitan Academy: FREE Web3 Resume Cheat Sheet - Download Now