Analysts have linked Libra and Melania tokens with one team

Researchers found a link between the teams responsible for launching Libra and Melania meme. Bubblemaps claim that both coins were created by the same the developers themselves or their immediate surroundings.

1/ How $ Libra Was Created by the Same Team Behind Melania and Other Short-Lived Coins

Featuring New Onchain Evidence

A Thread with Coffeezilla 🧵 ↑ pic.twitter.com/gnwj97kapf

– Bubblemaps (@bubblemaps) February 17, 2025

According to the company, the suspicious activity began on January 19 at the time of launch of Melania token. The main wallet, marked as 0xcea, earned $ 2.4 million on the US first lady coin. These funds quickly transferred to another address on the Avalanche network.

After the appearance of Libra, the wallet used similar tactics, receiving an additional $ 6 million. Such actions, according to Bubblemaps, indicate a single command behind both projects.

Experts emphasized that 0xcea and wallets used to finance Libra are connected by a chain of transactions passing through several blockchains, including Solana and Arbitrum.

In addition, 0xcea is associated with a number of other PUMP & Dump schemes. Among them, the launch of a fake Robinhood (Hood), whose capitalization initially reached $ 120 million and then fell to $ 12 million.

Hayden Davis, CEO of Kelsier Ventures, which actually performs the functions of Castedian and Libra liquidity supplier, said in the issue that the coin course collapsed through the actions of President of the country Havier Milei. However, Onchin Dani indicated that insiders were the main factor in the collapse of the coin.

Addressing libra: pic.twitter.com/lulaadwnkq

– Kelsier (@kelsierventures) February 16, 2025

Davis also declared a willingness to return $ 100 million and insisted on the innocence of the Libra Company-Kip Protocol. For his part, KIP called Libra a project Kelsier.

According to Reuters, opposition representatives in Argentina threatened the President with impeachment because of his libra. The Argentine Fintech Association stated that the situation could be an example of Pump & Dump.

The lawyers filed a lawsuit against the President, saying that his actions played a key role in the Libra token scandal, the Associated Press writes.

“As part of this illegal scheme, fraud was committed, and the role of the President was central,” said one of the plaintiffs, lawyer Jonathan Baldivizo.

The lawsuit was also supported by economist Claudio Lozano, who previously headed the Argentine Central Bank.

Mily denies the connection with the project and claims that he did not know about his problems. The Presidential Administration has announced the beginning of an internal investigation, which was instructed to study possible abuses by all government members.

Previously, MEM-KOIN Official Trump (Trump) investors suffered losses worth about $ 2 billion. According to NYT, more than 813,000 users were affected by NYT.

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