LIBRA Meme Coin Insiders are Linked to MELANIA
Blockchain analysts have discovered the link between Libra meme coins and other suspicious crypto projects, including the official token of Melania Trump.
These findings have attracted further attention from Libra, especially after a brief endorsement by Argentina President Javier Milei.
Suspicious link between Libra and Melania
On February 16, Fuzzland’s co-founder Chaofan Shou claimed that Libra market makers operate from Delhi and also participated. Melania meme coins.
Shou shared wallet data shows that the same entity controls both projects, raising doubts about coordinated insider activity. He further linked the Libra team to tokens such as Anron and Ogme, which followed a similar price manipulation.
The projects experienced rapid prices, driven by insider trading and automated robots, and then suddenly sold off, which cost retail investors. This pattern is similar to Pump and point drop scheme Designed to capitalize on traders.
this Melania Tokenlaunched before Donald Trump’s second inaugurationIt briefly soared to a market value of $2 billion before falling to a market value of $200 million.
Libra follows a similar trajectory. After receiving President Miley’s Public Supportinvestment in tokens surges. However, insiders reportedly retreated $107 million shortly afterward, causing it to collapse.
After the consequences, Miley stayed away from the project, triggering allegations of market manipulation. Some critics even have Ask him to implode each, This incident is a financial and political scandal.
Libra insider rejects fraud charges
Despite the controversy, the entity KIP protocol associated with Libra denied any misconduct.
KIP CEO Julian Peh said all funds remain on-chain and take over. He also clarified that Kip had no role in the token launch, thanks to the project’s market maker Kelsier.
“Kip has accepted a lot of FUDs today, including threats to me and my staff, but we are not involved in the release, we are not handling any tokens or sol. KIP publicly acknowledges its role in the project (although not in token offerings) as we have listed on the website and believe in the potential of the program,” KIP explain.
Meanwhile, Kelsier’s Hayden Davis accused President Milei and his team of losing investors’ losses. He believes that investment in meme coins depends largely on trust and recognition.
When Miley’s team deleted the promotional position, the panic sales followed, causing the market to plummet.
Still, he said his team still believes in the project and plans to reinvest $100 million. So Kelsier plans to transfer assets to Milei’s colleagues or Kip, instead planning to reinvest funds into Libra and burn down all acquired tokens.
“I recommend reinvesting 100% of the funds I control, up to $100 million, back to Libra tokens and burn all purchased supplies. Unless a more viable alternative is proposed, I plan to do so within the next 48 hours Start the process of executing the plan,” Davis statement.
Libra’s controversy highlights risks related to speculation Meme coins, especially those associated with high-profile figures. Although supporters insist that the project is still feasible, investigators continue to look at its link to potential market manipulation.
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