LIBRA Meme Coin Exposed As Insider Secret Ties to MELANIA Token
Libra’s meme coins have made headlines lately, but not for reasons investors may hope. Blockchain analysts conducted a new survey at Bubblemaps to uncover suspicious links between Libra and Melania, another controversial token.
The survey results show that Melania The insider behind the Libra collapse could also raise concerns about another pump and point-down plan in the crypto space.
Another classic pump and raincoat
According to analysts, the same insider who controlled Melania also launched Libra, using the same dark tactics. It all started with one address P5TB4, making $2.4 million on Melania.
https://twitter.com/bubblemaps/status/1891289507338580028
However, the raised eyebrows are the profits sent next, a wallet marked 0xcea, tied directly with the creator of Melania.
Even more worrying is that transactions are conducted through USDC’s Cross-chain Transfer Protocol (CCTP), which makes it difficult to track the movement of funds at first glance.
But things got worse. It was also found that 0xcea funded the creator of Libra, Defcyk, an entity cashed in an astonishing $87 million before the token’s inevitable crash. Just like Melania Libra manipulatedas insiders snipe tokens and withdraw millions of dollars early before retail investors react.
Network that manipulates tokens
Libra and Melania have no evidence to stop. The same address has been linked to multiple other pumping and downs tokens including Trust, Kacy, Vibes and Hood.
This is not only a one-time development, but also a systematic strategy of launching, pumping and dumping tokens while leaving retail investors in the dust. Further analysis shows that 0xcea was also involved in the early robbery of Libra, using multiple wallets for another $6 million to hide the activity.
Who is responsible for this?
The controversy took a political turn after the collapse of Libra, when Argentine President Javier Milei, who was linked to the Libra project, publicly denied any involvement. After Libra’s dramatic price collapse, Millie calls for an investigation into potential market manipulation.
Some critics even suggested that he should face improvisation in alleged ties to the scandal.
Meanwhile, both the KIP protocol and Kelsier Ventures are related to the release of Libra and are accusing each other of the failure of the token. Kip’s CEO Julian Peh claims they have no control over the launch of Libra and market maker Kelsier is responsible.