This is Julian Peh
He got a president to promote his $4B token
Then he rugged it for $87M
Here’s the untold story of his rise and fall:
1/12
He got a president to promote his $4B token
Then he rugged it for $87M
Here’s the untold story of his rise and fall:
1/12
Julian got into crypto back in 2016
He bought some Bitcoin and ETH
Then in 2021, he flipped NFTs during the mania
But the real game came in 2024
That’s when he saw his shot...
2/12
He bought some Bitcoin and ETH
Then in 2021, he flipped NFTs during the mania
But the real game came in 2024
That’s when he saw his shot...
2/12
Julian met Milei (president of Argentina) at a tech forum in Buenos Aires
He spoke about AI, small businesses, the future
Milei was impressed
A handshake. A photo. A promise.
Julian had just secured something dangerous...
3/12
He spoke about AI, small businesses, the future
Milei was impressed
A handshake. A photo. A promise.
Julian had just secured something dangerous...
3/12
Months later, KIP (Juan's company) joined Buenos Aires’ Blockchain Committee.
It looked official.
Suddenly, Julian wasn’t just another crypto founder.
He was advising a government.
And that’s when the real plan began...
4/12
It looked official.
Suddenly, Julian wasn’t just another crypto founder.
He was advising a government.
And that’s when the real plan began...
4/12
He pitched Milei a grand idea:
A national token to support small businesses.
A new economic era. A financial revolution.
Milei bought in.
The door was now wide open...
5/12
A national token to support small businesses.
A new economic era. A financial revolution.
Milei bought in.
The door was now wide open...
5/12
So they launched it
First post came from Milei’s official X account:
“The world wants to invest in Argentina.”
The message was clear
People saw it as an official coin...
7/12
First post came from Milei’s official X account:
“The world wants to invest in Argentina.”
The message was clear
People saw it as an official coin...
7/12
FOMO hit
Millions poured in. A $4B market cap in 1 hour.
People weren’t just buying a token.
They thought they were investing in a developing country
Then the cracks appeared...
8/12
Millions poured in. A $4B market cap in 1 hour.
People weren’t just buying a token.
They thought they were investing in a developing country
Then the cracks appeared...
8/12
Something was off
The token wasn’t locked
Bubblemaps was showing 82% of supply controlled by a single cluster
It was a trap
And the walls were closing in...
9/12
The token wasn’t locked
Bubblemaps was showing 82% of supply controlled by a single cluster
It was a trap
And the walls were closing in...
9/12
Panic started to spread.
Whispers turned into warnings.
And then — insiders started dumping.
$87M rugged in hours
The price was crumbling
But the worst was yet to come...
10/12
Whispers turned into warnings.
And then — insiders started dumping.
$87M rugged in hours
The price was crumbling
But the worst was yet to come...
10/12
People begged for answers.
Who was selling? Where was the money going?
Then Milei deleted his tweet.
The entire illusion shattered in an instant...
11/12
Who was selling? Where was the money going?
Then Milei deleted his tweet.
The entire illusion shattered in an instant...
11/12
The token collapsed.
A $4B dream turned into ashes.
Retail investors lost everything.
Julian Peh and his insiders? They walked away with almost $100M...
12/12
A $4B dream turned into ashes.
Retail investors lost everything.
Julian Peh and his insiders? They walked away with almost $100M...
12/12
A government-backed token. A $4B scam. An $87M heist.
The biggest political rug pull in history.
And no one was held accountable... yet.
Let me know what you think in the replies.
And if you don’t want to miss stories like this - follow me @PixOnChain for more
13/12
The biggest political rug pull in history.
And no one was held accountable... yet.
Let me know what you think in the replies.
And if you don’t want to miss stories like this - follow me @PixOnChain for more
13/12
https://twitter.com/1354803537608282118/status/1890745058846179610
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