Why did President Javier Milei support the controversial meme coin project?

President Milei explains that he supported the meme coin because someone approached him with a proposal to create an investment instrument specifically designed to fund projects in Argentina, which he found interesting. His motivation was to help Argentine citizens and support local development initiatives. Despite facing backlash for this decision, Milei defends his actions by emphasizing that he acted in good faith with the intention of benefiting his country. He insists that the state didn't lose anything from his endorsement, suggesting he views his support as harmless despite the controversy and financial losses experienced by investors.