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Breaking: New Popular Altcoin Turns Out to Be a Scam, Related to MELANIA
While discussions about memecoins are heating up following US President Donald Trump’s release of his own token, another move is also coming from Argentine President Javier Milei. On that issue, Milei supported the newly launched memecoin LIBRA by posting on X a few days ago. According to Milei’s recommendation, the token had risen to nearly 5 dollars before dropping below 1 dollar within a few hours. This sharp decline has led to allegations of a ‘scam and withdraw’ scheme in which developers increase the value of a token before abandoning it. While the debate over Milei and LIBRA continues, the blockchain analysis platform Bubblemaps has declared that the group behind the launch of Melania Trump’s own token, memecoin MELANIA, is also behind the Libra token (LIBRA). Bubblemaps analysts claim that they are very confident in the evidence showing that the memecoin LIBRA launched by the same group that launched MELANIA. At this time, there is information that addresses related to the creation of the MELANIA token are also related to the controversial LIBRA token. Analysts say the relationship identified means the person who created MELANI or someone close to his group is preventing the launch of this product. “With the same team behind LIBRA, MELANIA, and many tokens that exist for a short period of time. After analyzing the cross-chain transfers and time model, we are quite confident that this prediction is accurate. It all started with our investigation into sniper activity on MELANIA. One address stands out: the P5tb4 address, which made more than $ 2.4 million in profit, sent its entire profit to 0xcEA, a wallet linked to the creator of MELANIA. There are many ways to connect 0xcEA with the creator of MELANIA, including money transfers and cross-chain money transfers, and we believe this is no coincidence. This means that the person who created Melania or someone close to her group may have directly participated in the attack on her project launch. A few weeks later, we realized that 0xcEA had funded DEfcyK, the founder of LIBRA, who withdrew 87 million LIBRA." Analysts have also recently noted that they have found many tokens related to the address “0xcEA” suspicious, saying most of them are clearly pump and dump. Examples of these tokens are “TRUST, KACY, VIBES, and HOOD”.