$LIBRA the crypto pump & dump scheme behind Argentina’s presidential woes?

South American nation Argentina’s President Javier Milei has been criticised for endorsing the cryptocurrency token $LIBRA, which witnessed a pump and dump scheme in the market, causing loss for several investors, according to multiple media reports.

With the President’s backing and the recent turn of events, the meme coin has sparked political turmoil situation as Javier Milei faces calls for impeachment from the nation’s opposition.