LIBRA Meme Coin Mystery—Is There a MELANIA Connection?

LIBRA’s launch was nothing short of a financial rollercoaster. The token soared to a market cap of several billion dollars within hours—only to crash by 95% after suspected insiders or sniper traders dumped their holdings, siphoning off $107 million in liquidity.

Shady Ties to MELANIA and Market Manipulation

Crypto analysts at Bubblemaps uncovered disturbing connections between LIBRA and MELANIA, the meme coin linked to the new U.S. First Lady. Their research suggests both projects could have been orchestrated by the same entity. One major clue? A Solana wallet (P5tb4), which allegedly made $2.4 million in sniper trades on MELANIA.

The trail of money led straight to an Avalanche wallet—one that has been unmistakably linked to the creator of MELANIA. Even more alarming, this same wallet was later discovered to be financing LIBRA’s lead developer, known as DEfcyK, suggesting a coordinated effort to manipulate multiple projects.

Investigators also found that beyond LIBRA and MELANIA, a network of tokens—including TRUST, KACY, VIBES, and HOOD—may be under the control of the same entity. The level of influence over these assets has raised suspicions of a Rug Pull operation, where developers orchestrate artificial market activity before pulling out, leaving investors empty-handed.

Was LIBRA’s Launch Pre-Planned?

Decentralized exchange Jupiter dropped a bombshell on X, revealing that LIBRA’s launch had been widely known well before it went public. The exchange claims that its team was tipped off two weeks ahead of time, thanks to Kelsier Ventures. They also noted that Milei’s own social media posts made it clear the Argentine president was seriously pushing LIBRA forward.

Jupiter insists that an internal review found no evidence of employees engaging in market manipulation or accessing confidential data. However, the mere fact that LIBRA was being discussed long before launch has left many in the crypto community feeling uneasy.

LIBRA Scandal Escalates: Milei Faces Legal and Political Heat

The walls are closing in on Argentine President Javier Milei, as authorities launch an in-depth legal probe into his potential involvement with LIBRA. Although he maintains he had no knowledge of the project’s finer details, financial regulators are now looking into possible breaches of market laws.

The president’s own office called upon the Anti-Corruption Bureau to conduct a probe into all government officials, including Milei himself, for suspected fraud linked to LIBRA. Meanwhile, political rivals are sharpening their knives, threatening to initiate impeachment proceedings, citing damage to Argentina’s global standing.

With each new revelation, the situation grows more volatile. The legal repercussions remain uncertain, but one thing is clear—this case has once again highlighted the dark side of the crypto world.