The post Blockchain Analysis Reveals Shared Team Behind LIBRA and MELANIA Tokens appeared on BitcoinEthereumNews.com.

TLDR Hayden Davis has been identified as the creator of both LIBRA and MELANIA memecoins, with on-chain evidence showing his team engaged in self-sniping during launches LIBRA token crashed 95% after Argentina’s President Milei deleted his supportive tweet, leading to impeachment calls from opposition Davis refunded $5 million to Dave Portnoy who lost money on LIBRA, but claims it “wasn’t a rug pull” despite holding $100 million as custodian Blockchain analysis firm Bubblemaps traced connections between wallets showing profits of $2.4 million from MELANIA and $87 million from LIBRA The same team has been linked to multiple other token launches including TRUST, KACY, VIBES, and HOOD, displaying similar patterns In a recent development that has sent ripples through the cryptocurrency community, Kelsier CEO Hayden Davis has publicly acknowledged his role as the creator of both the LIBRA and MELANIA memecoins. The admission came during an interview with crypto investigator Coffeezilla, where Davis also confirmed his team’s involvement in sniping both tokens at launch. The story began to unfold when blockchain analytics firm Bubblemaps conducted an investigation into the MELANIA token’s launch patterns. Their analysis revealed that a single address, labeled P5tb4, had earned more than $2.4 million through what appeared to be self-sniping activities during the token’s launch phase. 1/ How $LIBRA was created by the same team behind MELANIA and other short-lived coins Featuring new onchain evidence A thread with Coffeezilla 🧵 ↓ pic.twitter.com/gNwj97KapF — Bubblemaps (@bubblemaps) February 17, 2025 Further investigation showed that these profits were moved to wallet 0xcEA, which was later confirmed to be connected to the MELANIA token creator through a series of funding transactions and cross-chain transfers. This wallet then provided financial support to address DEfcyK, which was identified as the creator of the LIBRA token. The LIBRA token gained attention when Argentina’s President…

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Filed under: News - @ February 18, 2025 10:22 am