Is LIBRA Memecoin Linked to the Team Behind MELANIA? A Deep Dive Investigation

The world of memecoins is fast-paced, speculative, and often lucrative for those who understand its dynamics. However, new evidence suggests that some of the most successful launches, including LIBRA and MELANIA, may not be as organic as they appear. 

Instead, blockchain investigators have uncovered connections between the creators of these tokens, pointing to a potential pattern of strategic token launches and insider sniping. This deep dive will analyze the on-chain data linking LIBRA to the MELANIA team and what it means for the broader crypto market.

The On-Chain Connection Between LIBRA and MELANIA

Suspicious Wallet Activities

A key address, P5tb4, was identified as a major sniper on MELANIA, making over $2.4 million in profits. However, what raised suspicions was that all the profits were transferred to another wallet: 0xcEA. Further investigations revealed that this wallet was directly linked to the creator of MELANIA through multiple funding transactions and cross-chain transfers.

Cross-Chain Transfers and Funding Patterns

The USDC Cross-Chain Transfer Protocol (CCTP) was instrumental in these transactions, allowing funds to move seamlessly across networks. This mechanism enabled large sums to be transferred between wallets, effectively masking the flow of profits while maintaining on-chain traceability.

As researchers continued tracking these wallets, they noticed that 0xcEA had begun funding another key address: DEfcyK, which was later identified as the creator of LIBRA. This finding strongly suggested that the same team or a closely associated group was behind both projects.

Read also: Libra Crypto Crash: How a $4.5B Memecoin Vanished Overnight

A Pattern of Insider Trading and Token Sniping

LIBRA’s $87 Million Cash-Out

Further analysis revealed that the creator of LIBRA not only launched the token but also cashed out a staggering $87 million. Additionally, 0xcEA actively sniped LIBRA using multiple side addresses funded via CCTP, making another $6 million in profit in a manner similar to what had been observed in MELANIA’s launch.

Other Pump-and-Dump Tokens

Beyond MELANIA and LIBRA, the investigation uncovered several other memecoins tied to 0xcEA, including $TRUST, $KACY, $VIBES, and even $HOOD. These tokens followed a familiar pattern—rapidly rising in value before crashing—suggesting they were part of a broader scheme to exploit market hype for financial gain.

The Bigger Picture: Exploiting the Memecoin Hype

The evidence suggests that the same entity—or a closely connected network—has been executing a rinse-and-repeat cycle of memecoin launches. The strategy follows a predictable pattern:

1. Token Launch – A new memecoin is created, often tied to trending narratives or public figures to attract investors.
2. Insider Sniping – Key addresses, including those linked to the token’s creator, buy in early at extremely low prices.
3. Marketing and Hype – The token is promoted heavily, creating FOMO (fear of missing out) among retail investors.
4. Massive Sell-Off – Insiders dump their holdings once prices peak, leading to major market corrections.
5. Reinvestment in New Projects – Profits are funneled into the next launch, continuing the cycle.

By using sophisticated cross-chain transfers, funding addresses, and sniper tactics, these operators extract immense value while leaving retail investors holding depreciated assets.

Read also: Libra Coin ($LIBRA) Scandal: Argentine President Milei's Involvement in Alleged Cryptocurrency Fraud

Implications for Investors

Understanding these patterns is crucial for retail investors looking to participate in the memecoin market. While memecoins can offer substantial short-term gains, the presence of well-organized insiders significantly skews the playing field. Here are some takeaways:

• Watch for Early Snipers: If a few wallets accumulate large portions of the supply early, it may indicate insider activity.
• Analyze Wallet Movements: On-chain tools can help track fund movements and detect suspicious cross-chain transfers.
• Be Cautious of Overhyped Projects: Tokens that receive massive attention in a short period may be artificially inflated by insiders.
• Understand Risk Management: Never invest more than you can afford to lose, especially in highly volatile memecoin markets.

Conclusion

The LIBRA memecoin’s connection to MELANIA and other questionable projects highlights a broader issue in the crypto space: insider-controlled launches designed for profit extraction. While memecoins continue to attract speculative interest, understanding the underlying dynamics can help investors make informed decisions and navigate this volatile market more effectively.

FAQ

1. Is there definitive proof that the same team created LIBRA and MELANIA?
On-chain evidence strongly suggests a connection, including linked wallet activities, cross-chain transfers, and similar token launch tactics.

2. How do insiders profit from these token launches?
Insiders accumulate large amounts of tokens early (sniping), promote the project, then sell at peak prices, making substantial profits while retail investors bear the losses.

3. What are the risks of investing in memecoins like LIBRA?
Memecoins are highly speculative and often subject to manipulation. Investors should be cautious of projects with sudden price surges and insider-controlled supply.

4. How can I avoid falling into similar pump-and-dump schemes?
Research wallet activities, monitor cross-chain transfers, and be skeptical of projects with heavy early accumulation by a few addresses.