When the $LIBRA token skyrocketed following an endorsement from Argentina’s President Javier Milei — only to crash just as quickly — it seemed like another classic pump-and-dump scheme. But blockchain data revealed something far more intriguing. The trail led to another token — $MELANIA, linked to former U.S. First Lady Melania Trump.
Blockchain Doesn’t Lie: What the Transfers Revealed
Investigators traced a key wallet, 0xcEA, which profited from trading $MELANIA. That same wallet transferred funds to DEfcyK, the address identified as the launch point for $LIBRA.
The connection suggested that both politically charged meme coins — one tied to Trump’s circle, the other boosted by Milei — could have been coordinated by the same group.
Why This Matters
$MELANIA was launched in 2024 during Donald Trump’s election comeback.
$LIBRA gained traction after Milei’s public remarks supporting it.
Blockchain evidence links the funding behind both tokens.
Melania Trump’s Role
Melania Trump had already established her presence in the crypto space with NFT projects and public endorsements. The $MELANIA token leveraged her brand and political influence, attracting both supporters and speculators.
What’s Next?
The blockchain findings have triggered calls for further investigation. In Argentina, Milei is under growing scrutiny from political opponents accusing him of market manipulation.
This case underscores a growing trend: political figures and their inner circles increasingly intersect with cryptocurrency markets — and everyday investors are often left footing the bill.
Key Blockchain Data:
Wallet 0xcEA: Gained profits from $MELANIA.
Wallet DEfcyK: Identified as the launch source of $LIBRA.
Transfers between these wallets confirmed on-chain.
