Blockchain analysts at Bubblemaps say they have strong evidence that the same group behind the Official Melania Meme (MELANIA) token also launched the Libra (LIBRA) meme coin.
The team shared on-chain findings in a February 17 post on X, suggesting that the creators of LIBRA were also responsible for MELANIA’s launch and took part in early trades that made large profits.
One of the key findings in Bubblemaps’ report was a Solana
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According to the report, these wallets are connected through multiple funding transactions and cross-chain transfers, which makes it harder to trace their origins. Bubblemaps stated, “This means the creator of Melania—or someone close to their team—sniped their own launch”.
The same 0xcEA wallet was found to have funded the creation of the LIBRA token several weeks later. When LIBRA launched on February 15, the wallet once again executed a sniping trade, making a $6 million profit. The process involved multiple secondary wallets and cross-chain transfers using Avalanche and Arbitrum
The LIBRA token’s launch has already led to political fallout, with President Javier Milei facing calls for impeachment after a $107 million loss linked to the project.
Argentina’s lawyers, Jonatan Baldiviezo and Marcos Zelaya, recently filed a lawsuit against President Milei. What were the allegations? Read the full story.
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
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