{"id":21201,"date":"2025-02-17T12:41:36","date_gmt":"2025-02-17T10:41:36","guid":{"rendered":"https:\/\/forklog.com\/en\/analysts-link-libra-and-melania-tokens-to-a-single-team\/"},"modified":"2025-02-17T12:41:36","modified_gmt":"2025-02-17T10:41:36","slug":"analysts-link-libra-and-melania-tokens-to-a-single-team","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/analysts-link-libra-and-melania-tokens-to-a-single-team\/","title":{"rendered":"Analysts Link LIBRA and MELANIA Tokens to a Single Team"},"content":{"rendered":"<p>Researchers have identified a connection between the teams responsible for launching the meme tokens LIBRA and <a href=\"https:\/\/u1f987.com\/en\/news\/melanias-meme-coin-leaves-traders-pining-for-gary-gensler\">MELANIA<\/a>. Bubblemaps claims that both coins were created by the same developers or their close associates.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">1\/ How <a href=\"https:\/\/twitter.com\/search?q=%24LIBRA&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$LIBRA<\/a> was created by the same team behind MELANIA and other short-lived coins<\/p>\n<p>Featuring new onchain evidence<\/p>\n<p>A thread with Coffeezilla ? \u2193 <a href=\"https:\/\/t.co\/gNwj97KapF\">pic.twitter.com\/gNwj97KapF<\/a><\/p>\n<p>\u2014 Bubblemaps (@bubblemaps) <a href=\"https:\/\/twitter.com\/bubblemaps\/status\/1891289507338580028?ref_src=twsrc%5Etfw\">February 17, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>According to the company, suspicious activity began on January 19 with the launch of the MELANIA token. The main wallet, marked as 0xcEA, earned $2.4 million from the coin of the former U.S. First Lady Melania Trump. These funds were quickly transferred to another address on the Avalanche network.<\/p>\n<p>Following the appearance of LIBRA, the wallet used a similar tactic, obtaining an additional $6 million. Such actions, according to Bubblemaps, suggest a single team behind both projects.<\/p>\n<p>Experts highlighted that 0xcEA and the wallets used to fund LIBRA are linked by a chain of transactions across several blockchains, including Solana and Arbitrum.\u00a0<\/p>\n<p>Additionally, 0xcEA is associated with several other Pump &#038; Dump schemes. Among them is the launch of a fake Robinhood token (HOOD), whose capitalization initially reached $120 million before <a href=\"https:\/\/dexscreener.com\/solana\/5n7vrxq2qkr4j7ddnsgtk66rvk8otdoa5dhux58kzb4x\">falling<\/a> to $12 million.<\/p>\n<p>Hayden Davis, CEO of Kelsier Ventures, which effectively acts as the custodian and liquidity provider for LIBRA, stated in a video address that the coin&#8217;s price collapsed due to actions by the country&#8217;s president, Javier Milei. However, on-chain data indicated that insider sales were the main factor in the price crash.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Addressing Libra: <a href=\"https:\/\/t.co\/lUlAADWnkq\">pic.twitter.com\/lUlAADWnkq<\/a><\/p>\n<p>\u2014 Kelsier (@KelsierVentures) <a href=\"https:\/\/twitter.com\/KelsierVentures\/status\/1890914579493863532?ref_src=twsrc%5Etfw\">February 16, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Davis also expressed readiness to return $100 million and insisted on the innocence of the &#8220;LIBRA sponsor company&#8221; \u2014 KIP Protocol. In turn, KIP called LIBRA a Kelsier project.<\/p>\n<p>According to <a href=\"https:\/\/www.reuters.com\/world\/americas\/argentinas-opposition-threatens-impeachment-trial-after-milei-touts-crypto-coin-2025-02-16\/\" title=\"\">Reuters<\/a>, opposition representatives in Argentina threatened the president with impeachment over his connection to LIBRA. The Argentine Fintech Association stated that the situation could be an example of a Pump &#038; Dump.\u00a0<\/p>\n<p>Lawyers <a href=\"https:\/\/apnews.com\/article\/argentina-milei-cryptocurrency-fraud-charges-c0321f320a00cdb58edfb365ba8ce0f8\">filed<\/a> a lawsuit against the president, claiming his actions played a key role in the LIBRA token scandal, writes the Associated Press.\u00a0<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cFraud was committed as part of this illegal scheme, and the president&#8217;s role was central,\u201d said one of the plaintiffs, lawyer Jonathan Baldivieso.\u00a0<\/p>\n<\/blockquote>\n<p>The lawsuit was also supported by economist Claudio Lozano, who previously headed the Argentine Central Bank.<\/p>\n<p>Milei denies any connection to the project and claims he was unaware of its issues. The president&#8217;s administration announced the start of an internal investigation to examine possible abuses by all government representatives.<\/p>\n<p>Previously, investors in the meme coin Official Trump (TRUMP) suffered losses amounting to about $2 billion. According to the NYT, the losses affected more than 813,000 users.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Researchers have identified a connection between the teams responsible for launching the meme tokens LIBRA and MELANIA. Bubblemaps claims that both coins were created by the same developers or their close associates. 1\/ How $LIBRA was created by the same team behind MELANIA and other short-lived coins Featuring new onchain evidence A thread with Coffeezilla [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":21200,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[908,1161,1246],"class_list":["post-21201","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-argentina","tag-memes","tag-scammers"],"aioseo_notices":[],"amp_enabled":true,"views":"57","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/21201","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=21201"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/21201\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/21200"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=21201"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=21201"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=21201"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}