Bubblemaps: Highly confident that LIBRA and MELANIA are controlled by the same group
Odaily News Blockchain data company Bubblemaps said in a post on X: “Some people speculate that MELANIA and LIBRA belong to the same team, but there is no conclusive evidence. After analyzing cross-chain transfers and time patterns, we are very sure that this is the case.
Our investigation into sniper activity on MELANIA revealed that the address beginning with P5tb4 made a profit of over $2.4 million. The address sent all the profits to 0xcEA, a wallet associated with the creator of MELANIA, and the transfer was completed via the USDC Cross-Chain Transfer Protocol (CCTP).
There are multiple ways to connect 0xcEA to the creator of MELANIA, including fund transfers and cross-chain transfers, and we are sure that these are not coincidences. This means that the creator of MELANIA (or someone close to his team) may have personally participated in the sniping.
A few weeks later, we noticed that 0xcEA was providing funds to DEfcyK, the creator of LIBRA, who withdrew 87 million LIBRA. To make matters worse, 0xcEA also sniped LIBRA and made a profit of $6 million, in the same way as MELANIA.
But the story doesn’t end there. We found many token issuances related to 0xcEA, most of which were obvious ‘pump and dump’ behaviors, including TRUST, KACY, VIBES and HOOD.”
