Onchain Evidence Links LIBRA to MELANIA in Pump-and-Dump Fraud

• Onchain links expose LIBRA and MELANIA as insider-led pump-and-dumps, with orchestrators profiting millions before investors react.
• Bubblemaps reveals fraudulent cross-chain transfers, tying LIBRA’s creator to MELANIA’s insider trading network.
• Argentine President Milei’s LIBRA promotion sparks legal action, with investors alleging market manipulation and fraud.

Blockchain analysis from Bubblemaps has exposed a deep connection between $LIBRA and MELANIA, indicating a fraudulent pattern. Onchain evidence reveals that the same team orchestrated both tokens, manipulating launches for massive insider profits. The investigation highlights a suspicious network of cross-chain transfers, linking the creators of these tokens to insider trading and multi-million dollar gains.

Onchain Analysis Uncovers Fraudulent Ties

Bubblemaps’ findings begin with an analysis of sniper activity on MELANIA. One address, P5tb4, profited over $2.4 million from early transactions. However, the real red flag emerged when all earnings were transferred to wallet 0xcEA. This wallet, directly connected to MELANIA’s creator, executed transfers via USDC Cross-Chain Transfer Protocol (CCTP), ensuring anonymity and making tracing difficult.

However, the investigation persisted. Analysts found multiple funding transactions linking 0xcEA to the MELANIA creator. This suggests an intentional strategy to snipe their own token launch, ensuring profits before public investors could react.

LIBRA’s Connection to MELANIA’s Creator

Weeks after the MELANIA launch, Bubblemaps tracked 0xcEA’s activity. It was funding DEfcyK, the creator of $LIBRA, who later cashed out $87 million. This link confirms that the same entity behind MELANIA also engineered LIBRA’s launch. Additionally, the same wallet, 0xcEA, executed sniper trades on $LIBRA, profiting another $6 million using side addresses funded through CCTP.

Besides LIBRA and MELANIA, the network of fraudulent launches extends to tokens such as $TRUST, $KACY, $VIBES, and $HOOD. Each follows a clear pump-and-dump strategy, deceiving investors while insiders extract massive profits.

Political Fallout: President Milei’s Involvement

The scandal took a political turn when Argentine President Javier Milei promoted $LIBRA on social media. He claimed the token aimed to support small businesses, yet deleted the post hours later. The sudden removal triggered a market collapse, causing losses for investors. Consequently, Argentine lawyers have filed fraud complaints against Milei, alleging he played a crucial role in the deception. The President’s Office denies involvement, stating Milei deleted the post to prevent speculation. However, legal experts argue his actions were instrumental in misleading investors.