While markets are closed in the United States for Presidents Day, the cryptocurrency market remains quite active with several key topics dominating the discussions, according to the latest report from blockchain analytics firm Santiment.

The firm has identified the most talked-about trends that have influenced investor sentiment and market movements this week. Here are the headlines that are trending in the crypto world.

LIBRA Token Scandal Leads to Political and Legal Consequences

One of the most controversial issues was the collapse of the LIBRA token, backed by Argentine President Javier Milei. Following its launch, the token suffered a significant price drop, triggering allegations of fraud and insider trading. This led to calls for an investigation and even impeachment proceedings against Milei, as legal scrutiny continues to intensify over the token’s links to political activities.

Hayden Davis and the Crypto Scandals

Hayden Davis, a controversial figure linked to numerous cryptocurrency projects including LIBRA and the Melania memecoin, is facing allegations of serious financial misconduct and insider trading. His recent interview with YouTube researcher Coffeezilla has intensified discussions about his role in these projects and the broader impact of political figures’ involvement in crypto.

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Legal Troubles Mount for Argentine President Javier Milei

In addition to the collapse of the LIBRA token, President Milei is currently facing fraud charges related to its promotion. Milei’s support allegedly misled investors, leading to significant financial losses. This has further increased political tensions in Argentina as regulators and the public demand accountability.

“Thinktankwk3” Trends Amidst Velo Blockchain Event

The term “thinktankwk3” has gained popularity as part of the Velo blockchain event. Participants use the hashtag to participate in a quiz focused on blockchain networks, particularly Solana, to qualify for prizes. The event has sparked increased discussion about blockchain technology education and inclusion.

Solana Faces Market Uncertainty Amid Investor Concerns

Solana (SOL) is trending due to recent price volatility and market speculation. Investor sentiment has turned cautious as SOL’s price decline has been linked to negative fallout from memecoin crashes, particularly the LIBRA token rugpull.

*This is not investment advice.

Continue Reading: This Is What The Cryptocurrency Market Is Talking About Today – Things To Know In A Busy Day