The same Libra and Melania experienced a meteoric ascent before collapsing, leaving massive losses behind. According to Bubblemaps, the same entity orchestrated these launches, taking advantage of “Pump and Dump” diagrams.
Presidents involved in crypto scandals: simple promotion or manipulation?
While 2024 marked the advent of the BTC in traditional finance, in particular with the launch of the Bitcoin Spot ETF, the year 2025 begins under the sign of the same. These tokens, created from a simple joke or an image, have no other objective than to enrich their creators by selling an illusion of gain to the last entrants, a diagram that can be described as a pyramid of Ponzi .
In January 2025, Donald Trump launched his own same, soberly called Trump. A week later, it was Melania Trump, the president's wife, who launched his same, Melania. Barely 1 month later, the Trump course displays a loss of 77 % and the price of Melania a loss of 90 %.
đź’ˇ To find out more – what are the same?
This weekend, Javier Milei promoted the same Libra in a publication on the X network, presenting it as a means of finance the Argentinian economy. The token has briefly reached $ 4.5 billion in capitalization before falling by 95 % due to significant sales executed by investors positioned before the launch of the Token.
Faced with accusations of manipulation, the Argentine head of state, Javier Milei, deleted his tweet and denied any involvement. Despite his defense, An investigation was opened by the president's office in order to identify those responsible for what seems to be a “rug sweater”.
Ledger: the best solution to protect your cryptocurrencies đź”’
Bubblemaps reveals links between the same Donald Trump and Javier Milei
The recent analyzes of Bubblemaps revealed a close link between the same Melania and Libra, suggesting that they were created by the same team. According to Bubblemaps, ahe Solana address starting with “0xcea” played an important role in launching the same melaniagenerating $ 2.4 million in profits before transferring these funds to a portfolio on the avalanche blockchain.
1/ How $ Libra was created by the same team behind melania and other short-lived corners
Featuring new onchain evidence
A Thread with Coffeezilla 🧵 ↓ ↓ pic.twitter.com/gnwj97kapf
– Bubblemaps (@Bubblemaps) FEBRUARY 17, 2025
This same address, “0xcea”, was also identified as having financed the creation of the same linked to Javier Milei. The launch of Libra quickly turned to disaster after the promotion made by the Argentine president. In less than 4 hours, investors would have withdrawn more than $ 107 million in liquidity, resulting in the 95 % drop in its course.
đź“° To read also in the news – Argentina opens an investigation after the scandal of the same Libra
To assert the link between the 2 memecoins, Bubblemaps highlights that a similar diagram had already occurred with the same Melania, who had reached a peak of $ 13 billion before falling by 90 %.
Bubblemaps also highlighted repeated transactions between these portfolios via bridges, transfer protocols between blockchains. Moreover, The same addresses would be involved in several other “Pump and Dump” type scams, including that of the false token of Robinhood (Hood).
Only a few hours ago, the Youtuber Coffeezilla published an interview with Hayden Davis, one of the people behind the launch of the Tokens Melania and Libra. Maintenance highlights several market manipulations. Davis admits having withdrawn $ 100 million in liquidity to limit the impact of sales of “snipers”, but this action paradoxically caused the crash that he claimed to avoid avoiding.
According to his statements, Hayden Davis still holds the funds without knowing what to do with them. He also admits his role in the launch of the same melania and justifies these practices by affirming that internal trading is not illegal. Yet, This constitutes an obvious conflict of interest, and is normally illegal. According to him, cryptocurrencies would be a “zero -sum game”.
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Sources: snowtrace, coffeeezilla
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First attracted by the bait of gain, I am now trapped Deep the Rabbit Hole. Without a way out, I just have to share my knowledge and transmit the passion I have for Bitcoin. I am also the creator of Adopt A Block, an educational site dedicated to Bitcoin.
Marius Farashi Tasooji
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