I heard it got heavily dumped at launch
"The Argentine president, Javier Milei, is at the center of a case that has shaken the crypto markets. On Friday, he promoted LIBRA on social media, a memecoin presented as an initiative to support Argentine businesses. In a few hours, however, the project took on the contours of a scam: the value of the cryptocurrency soared above 4 billion dollars, only to immediately collapse by over 90%. Insiders withdrew $87.4 million, while many investors suffered heavy losses. Milei's tweet was deleted 5 hours later, with the president admitting that he was not familiar with the project. Some lawyers have filed fraud complaints and the opposition has threatened impeachment."