The fleeting Memecoin Libra was made by the same team behind our First Lady Melania Trump’s Melania Asset, according to the Blockchain Analytics and Visualization Platform Bubblemaps.
The Argentinian President Javier Milei supported the launch of Libra, a token that was supposedly designed for “encouraging the growth of the Argentinian economy”.
The market capitalization of scales rose to $ 4 billion within a few hours before the price collapsed and Milei returned to the currency.
Bubblemaps to collaborate With crypto-journalist and YouTuber Coffeezilla to analyze cross-chain transfers and timing patterns for scales and Melania.
“It all started when we investigated sniper activity on Melania. One address fell on: P5TB4, which earned more than $ 2.4 million. But something else caught our attention:
This address sent all profit to 0xcea, a wallet linked to the maker of Melania. The transfer was made using USDC Cross-Chain Transfer Protocol (CCTP). There are several ways to connect 0xcea with the maker of Melania, through financing transactions and cross-chain transfers. We are convinced that these are no coincidence.
This means that the maker of Melania – or someone close to their team – has shipped his own launch. We have kept a close eye on this address to follow their activity. Weeks later we noticed that 0xcea defcyk finances, the maker of LIBRA. Yes, the same maker of scales that silvered $ 87 million.
To make it even worse, 0xcea also snipped LIBRA And earned $ 6 million in profit, with the help of several side addresses that are financed via CCTP. This is similar to the Melania case. “
Bubblemaps also detected Other token launches linked to 0xcea that were “clear pump and dumps”.
Coffeezilla later interviewed Hayden Davis, one of the makers of scales. During the interview, Davis linked To be involved in the launch of Melania and sniping.
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Generated image: midjourney