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

Bubblemaps' blockchain analysis has discovered a deep connection between $LIBRA and MELANIA, revealing a fraudulent pattern. Evidence on the chain indicates the same group orchestrated both tokens, manipulating launches to reap massive internal profits. The investigation highlights a suspicious cross-chain money transfer network, linking the creators of these tokens to insider trading and millions in profits. Onchain analysis discovers fraudulent relationship Bubblemaps' discovery began with analyzing shooting activities on MELANIA. An address, P5tb4, earned over 2.4 million dollars from initial transactions. However, the real red flag arose when all earnings were transferred to wallet 0xcEA. This wallet, directly linked to the creator of MELANIA, conducted transfers through the USDC cross-chain transfer protocol (CCTP), ensuring anonymity and making tracking difficult. However, the investigation is still ongoing. Analysts have found many funding transactions linked to 0xcEA with the creator of MELANIA. This shows a deliberate strategy to reduce the launch of their own token, ensuring profits before public investors can react. The relationship of LIBRA with the Creator of MELANIA A few weeks after the launch of MELANIA, Bubblemaps tracked the activity of 0xcEA. It funded DEfcyK, the creator of $LIBRA, who then withdrew 87 million dollars. This connection confirms that the same entity behind MELANIA also designed and launched LIBRA. Additionally, the same wallet, 0xcEA, conducted sniper transactions on $LIBRA, earning an additional 6 million dollars by using sub-addresses funded through CCTP. Besides LIBRA and MELANIA, the fraudulent network also expands to tokens like $TRUST, $KACY, $VIBES, and $HOOD. Each token follows a clear pump-and-dump strategy, deceiving investors while insiders profit enormously. Political consequence: The participation of President Milei The scandal has turned political when Argentine President Javier Milei promotes $LIBRA on social media. He claimed that this token aims to support small businesses, but deleted the post a few hours later. The sudden deletion caused the market to collapse, resulting in losses for investors. Therefore, Argentine lawyers have filed a complaint of fraud against Milei, accusing him of playing a key role in the scam. The President's office denies any involvement, stating that Milei deleted the post to prevent speculation. However, legal experts believe that his actions are a tool to mislead investors.