After Bubblemaps and Coffeezilla analyzed cross-chain transfers and timing patterns, they could conclude that $LIBRA and $MELANIA are tied to the same team.
It all started with sniper activity on MELANIA. One address, P5tb4, stood out, raking in over $2.4 million. But what caught our attention was where the money went. Every penny was sent to 0xcEA, a wallet linked to MELANIA’s creator.
0xcEA’s Trail: From MELANIA to $LIBRA and Beyond
The connection didn’t stop there. These profits moved through the USDC Cross-Chain Transfer Protocol (CCTP), and multiple funding transactions link 0xcEA to the MELANIA team. This was no accident—the creator, or someone close to them, sniped their launch.
1/ How $LIBRA was created by the same team behind MELANIA and other short-lived coins
Featuring new onchain evidence
A thread with Coffeezilla 🧵 ↓ pic.twitter.com/gNwj97KapF
— Bubblemaps (@bubblemaps) February 17, 2025
We kept an eye on 0xcEA and found even more. Weeks later, this same address was funding DEfcyK—the creator of $LIBRA. That’s right, the same person who cashed out a staggering $87 million. Worse yet, 0xcEA also sniped $LIBRA, pulling in another $6 million using multiple side addresses funded via CCTP.
5/ There are multiple ways to connect 0xcEA with the creator of MELANIA, through funding txs and cross-chain transfers.
We’re confident these aren’t coincidental pic.twitter.com/Z3eOIx6GgX
— Bubblemaps (@bubblemaps) February 17, 2025
This is the same pattern we saw with MELANIA. But there’s more to the story. 0xcEA is linked to multiple token launches, many of which scream pump and dump. Some of the most glaring examples? $TRUST, $KACY, $VIBES, and even $HOOD.
The picture is clear: The creators of MELANIA and LIBRA aren’t just launching tokens to cash in; they’re using insider knowledge to manipulate the market. When all’s said and done, they’ve pocketed over $100 million from LIBRA alone.
9/ But there’s more to the story. We’ve detected many token launches linked to 0xcEA, most of which are clear pump and dumps. Here’s some of them:$TRUST, $KACY, $VIBES — and even $HOODhttps://t.co/zTFYGU2uep
— Bubblemaps (@bubblemaps) February 17, 2025
That leaves us with the million-dollar question—who’s pulling the strings? KIP Protocol? Kelsier Ventures? Hayden Davis? Someone’s been making money hand over fist, and it’s time to follow the money trail.
More About $LIBRA
The fallout from the LIBRA meme coin incident has been significant, not only affecting the cryptocurrency market but also stirring political controversy in Argentina. After the coin’s value plummeted, President Javier Milei distanced himself from the project, explaining that his initial support was personal and not official, which highlights the murky waters of celebrity endorsements in the crypto world.
Trying to traverse the rabbit hole on the $LIBRA launch is quite interesting. On the surface level, it looks like Javier Milei made a mistake and collaborated with a kid and a company with a laughable amount of backlinks, references, and examples of work. pic.twitter.com/I5lNF3UQZm
— Edge (@Edge0x) February 16, 2025
Critics and political opponents seized the opportunity to question the integrity of Milei’s administration, with some even calling for his impeachment over allegations of insider trading, thus underscoring the potential legal and reputational risks associated with cryptocurrency promotions by public figures.
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