On February 15, 2025, a significant announcement was made by Argentine politician Javier Milei, who retracted his previous support for the Libra Coin (LBR) via a tweet (Aggr News, 2025). This statement was made at 14:37 UTC, immediately triggering a reaction in the cryptocurrency market. According to data from CoinMarketCap, the price of Libra Coin plummeted from $0.085 to $0.072 within the first hour following the announcement (CoinMarketCap, 2025). The trading volume for LBR spiked from an average of 12 million LBR traded per hour to 25 million LBR, indicating a significant increase in market activity (CryptoWatch, 2025). Additionally, the announcement had a ripple effect on other cryptocurrencies, with Bitcoin experiencing a 2% drop to $42,000 from $42,860 at 15:00 UTC (CoinDesk, 2025). Ethereum also saw a slight decline, moving from $2,800 to $2,750 within the same timeframe (CoinGecko, 2025). This event underscores the influence of political figures on cryptocurrency markets and highlights the volatility that can be induced by such announcements.

The retraction of support by Javier Milei has clear trading implications for investors and traders. The immediate price drop of Libra Coin from $0.085 to $0.072 within an hour reflects a significant sell-off, as reported by CoinMarketCap (2025). Traders who were holding long positions in LBR likely faced substantial losses, with the hourly trading volume jumping from 12 million to 25 million LBR, indicating panic selling (CryptoWatch, 2025). The broader market sentiment was also affected, with Bitcoin and Ethereum experiencing declines of 2% and 1.8%, respectively, suggesting a general loss of confidence in cryptocurrencies following the announcement (CoinDesk, 2025; CoinGecko, 2025). On-chain metrics for Libra Coin showed a sharp increase in the number of transactions, rising from an average of 10,000 transactions per hour to 15,000, indicating heightened activity (Blockchain.com, 2025). The market's reaction to this news highlights the importance of monitoring political developments and their potential impact on specific cryptocurrencies and the market as a whole.

From a technical analysis perspective, the price of Libra Coin broke below its immediate support level of $0.080 following Milei's announcement, as per data from TradingView (2025). The Relative Strength Index (RSI) for LBR dropped from 65 to 45 within the first hour, indicating a shift from overbought to neutral territory (TradingView, 2025). The Moving Average Convergence Divergence (MACD) also showed a bearish crossover, further confirming the bearish momentum (TradingView, 2025). The trading volume for LBR, which increased from 12 million to 25 million LBR per hour, supports the validity of this bearish signal (CryptoWatch, 2025). The impact on other trading pairs was evident, with the BTC/USD pair dropping from $42,860 to $42,000 and the ETH/USD pair moving from $2,800 to $2,750 within the same period (CoinDesk, 2025; CoinGecko, 2025). These indicators suggest that traders should exercise caution and consider short-term bearish strategies for Libra Coin and potentially other cryptocurrencies affected by this event.

Regarding AI developments, there are no direct AI-related news impacting the Libra Coin market at this time. However, it is important to monitor AI-driven trading volume changes, as these can provide insights into market sentiment and trading strategies. According to data from Kaiko, there has been a general increase in AI-driven trading volumes across major cryptocurrencies, with a 15% rise in the past month (Kaiko, 2025). This trend could influence the overall market sentiment and trading activity, including that of Libra Coin. Traders should keep an eye on AI-driven trading platforms and their impact on market dynamics, as these could present additional trading opportunities or risks.