Blockchain analysts from Bubblemaps stated that they found evidence that the projects of meme coins Libra and Melania are backed by the same organization.
According to Bubblemaps, wallet activity indicates that the creator of the Melania token was also involved in operations with the Libra token, engaging in sniping and profiting from both projects.
Bubblemaps' investigation pointed to a Solana wallet labeled "P5tb4", which accumulated over $2.4 million from activities related to the Melania token, and then transferred these funds to the Avalanche EVM wallet "0xcEA". It is suspected that this wallet is linked to the creator of Melania through funding transactions and interchain transfers.
Later, it was revealed that the same wallet "0xcEA" funded "DEfcyK", identified as the main wallet of the creator of the Libra token. This connection raised suspicions that the tokens Libra and Melania, as well as other tokens like TRUST, KACY, VIBES, and HOOD, may be controlled by the same organization.
