Connection to the new popular altcoin, which is found to be fraudulent, was identified with MELANIA! Here are the details...

After President of the United States Donald Trump launched his own token, discussions on memecoin have increased, with a move also coming from President of Argentina Javier Milei.

At this point, Milei supported the newly released memecoin LIBRA to the market by sharing on X a few days ago. Following Milei's recommendation, the token surged to around $5 before dropping below $1 within hours.

This sharp drop has led to allegations of potential "rug pull and fraud," a plan where developers increase the value of a token before abandoning it.

While the debates around Milei and LIBRA continue, Blockchain analysis platform Bubblemaps claimed that the team behind Melania Trump's own token MELANIA memecoin, which launched, is also behind Libra (LIBRA) token.

Bubblemaps analysts expressed strong confidence in the evidence that LIBRA memecoin was launched by the same team that conducted the MELANIA launch.

At this point, it was reported that the addresses associated with the creation of the MELANIA token are also related to the controversial token LIBRA.

Analysts said that their discovery implies that someone close to the creator or team of MELANI has hindered their own launch.

“LIBRA, MELANIA, and other short-lived tokens are backed by the same team.

After analyzing inter-chain transfers and time patterns, we are quite confident that this prediction is correct.

It all started with our investigation into the sharpshooter activities in MELANIA. One address stood out: the P5tb4 address, which made more than 2.4 million dollars in profit, sent all profits to the wallet associated with MELANIA's creator, 0xcEA. There are multiple ways to link 0xcEA to MELANIA's creator, including fund transfers and cross-chain transfers, and we are sure these are not coincidental.

This means that someone close to Melania's creator or team may have personally participated in the attack on their own project launch.

*A few weeks later, we noticed this: 0xcEA was providing funding to DEfcyK, the creator of LIBRA and the issuer of 87 million LIBRA tokens.

Analysts finally stated that they have identified many tokens connected to the suspicious address "0xcEA", most of which are clearly pump and dump. Examples of these include "TRUST, KACY, VIBES, and HOOD".

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