Analysts at Bubblemaps have found new evidence indicating that the digital currency Libra (LIBRA) was launched by the same team responsible for creating the Melania token (MELANIA). They pointed out in a post on social network X on February 17th that new evidence suggests the Libra team or someone close to them was likely responsible for launching the Melania token and also conducting sniping operations at the time of both tokens’ release. The analysts referred to a wallet address in Solana (SOL) named ‘0xcEA’ that was responsible for sniping the Melania token on January 19th and making a profit of $2.4 million. This amount was immediately transferred to another wallet in Avalanche (AVAX). These two wallets are connected through several unique paths, including financial transactions and cross-blockchain transfers. Weeks later, the same ‘0xcEA’ wallet, which was responsible for creating the Libra token, conducted a financial transaction. After the release of Libra on February 15th, this wallet again conducted a sniping operation and earned a profit of $6 million. This operation was also carried out using side addresses and cross-blockchain transfers from Arbitrum (ARB) and Avalanche wallets. Based on these similar activities, Bubblemaps concluded that Libra and Melania were likely launched by the same team. Libra was immediately endorsed by the President of Argentina, Javier Milei, but the event quickly turned into a financial disaster. Reports indicate that individuals close to the project cashed out over $107 million and nearly 94% of the token’s value was wiped out in less than four hours. The Melania token had a similar fate. Launched on January 19th, the token reached a market value of over $13 billion in the first four hours, but then plummeted by 99% and at the time of this report, decreased to $189 million. On the real-time digital currency price page, you can see the prices of all tokens and cryptocurrencies live and in real-time.
