LIBRA and MELANIA: Bubblemaps Reveals One Team May Be Behind Both Tokens

The team shared on-chain findings in a February 17 post on X, suggesting that the creators of LIBRA were also responsible for MELANIA’s launch and took part in early trades that made large profits.

One of the key findings in Bubblemaps’ report was a Solana SOL $175.80 wallet address, labeled “0xcEA”, which sniped the launch of Melania Trump’s meme coin on January 19. This activity resulted in a $2.4 million profit, which was transferred to another wallet on the Avalanche AVAX $25.16 blockchain.

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According to the report, these wallets are connected through multiple funding transactions and cross-chain transfers, which makes it harder to trace their origins. Bubblemaps stated, “This means the creator of Melania—or someone close to their team—sniped their own launch”.

The same 0xcEA wallet was found to have funded the creation of the LIBRA token several weeks later. When LIBRA launched on February 15, the wallet once again executed a sniping trade, making a $6 million profit. The process involved multiple secondary wallets and cross-chain transfers using Avalanche and Arbitrum ARB $0.4949 .

The LIBRA token’s launch has already led to political fallout, with President Javier Milei facing calls for impeachment after a $107 million loss linked to the project.

Argentina's lawyers, Jonatan Baldiviezo and Marcos Zelaya, recently filed a lawsuit against President Milei. What were the allegations? Read the full story.