Analysis

Argentina Memecoin LIBRA Created by Same Team Behind First Lady’s MELANIA: Bubblemaps

Published

11 months ago

February 18, 2025

The fleeting Memecoin Libra was made by the identical group behind our First Woman Melania Trump’s Melania Asset, in accordance with 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 expansion of the Argentinian financial system”.

The market capitalization of scales rose to $ 4 billion inside a number of hours earlier than the value collapsed and Milei returned to the forex.

Bubblemaps to collaborate With crypto-journalist and YouTuber Coffeezilla to investigate cross-chain transfers and timing patterns for scales and Melania.

“It began after we investigated sniper exercise on Melania. One tackle fell on: P5TB4, which earned greater than $ 2.4 million. However one thing else caught our consideration:

This tackle despatched all revenue to 0xcea, a pockets linked to the maker of Melania. The switch was made utilizing USDC Cross-Chain Switch Protocol (CCTP). There are a number of methods to attach 0xcea with the maker of Melania, by way of financing transactions and cross-chain transfers. We’re satisfied that these aren’t any coincidence.

Which means the maker of Melania – or somebody near their group – has shipped his personal launch. We now have saved an in depth eye on this tackle to comply with their exercise. Weeks later we observed that 0xcea defcyk funds, the maker of LIBRA. Sure, the identical maker of scales that silvered $ 87 million.

To make it even worse, 0xcea additionally snipped LIBRA And earned $ 6 million in revenue, with the assistance of a number of facet addresses which can be financed by way of CCTP. That is just like the Melania case. “

Bubblemaps additionally detected Different token launches linked to 0xcea that have been “clear pump and dumps”.

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Coffeezilla later interviewed Hayden Davis, one of many makers of scales. In the course of the interview, Davis linked To be concerned within the launch of Melania and sniping.

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