Are MELANIA and LIBRA Organized by the Same Shadow Group? 😱
The crypto world is reeling from a bombshell report by blockchain analytics firm Bubblemaps, alleging that meme coins MELANIA and LIBRA are linked in a coordinated “pump and dump” scheme. The investigation uncovered cross-chain transactions connecting the two tokens, with shared wallet addresses suggesting insider manipulation.
A key player is wallet 0xcEA…, tied to MELANIA’s team, which funded DEfcyK…, the creator of LIBRA. This wallet reportedly made $2.4M through sniper trades on MELANIA’s launch, then replicated the strategy with LIBRA, amassing $6M. Both tokens saw identical trade patterns, including synchronized price pumps and dumps.
Bubblemaps also linked DEfcyK… to an $87M transaction, a hallmark of pump-and-dump schemes. The same group allegedly launched multiple tokens with similar short-lived spikes before abandoning them. Cross-chain tools like CCTP, while legitimate, were used to obscure fraudulent activity.
This scandal highlights the risks of anonymous meme coin projects and the urgent need for transparency. Analysts warn investors to scrutinize wallet histories and trading patterns. As the crypto community demands accountability, this case is a stark reminder: if a deal seems too good to be true, it probably is.
