The post MELANIA And LIBRA Wallets Allegedly Tied To Money Laundering appeared on BitcoinEthereumNews.com.

Crypto investigators have flagged suspicious transactions linked to wallets associated with MELANIA and LIBRA memecoins. Blockchain data shows that these wallets moved large sums of money, raising concerns about potential money laundering. Around 19,846 SOL, worth about $2.76 million, was used to purchase the POPE memecoin. However, the tokens were later sold for just 175 SOL, or roughly $24,000. This unusual trading pattern suggests that funds may have been funneled through different wallets in an attempt to obscure their origins. Crypto Wash Trading Or Coordinated Dump? The transaction history raises several questions. Large buys followed by immediate sell-offs at a loss are common signs of wash trading. Some speculate that the wallets were involved in a scheme to move funds discreetly. US First Lady Melania Trump. Source: The White House/BBC. Others believe it could have been an orchestrated attempt to offload large amounts of POPE tokens without spooking the market. Whatever the case, the rapid loss of millions has drawn attention to the risks of politically linked memecoins. It seems that the $LIBRA and $MELANIA insider team is laundering funds. They spent 19,846 $SOL($2.76M) to buy a memecoin(POPE) with a market cap of less than $150K, and sold it for 175 $SOL($24K), losing $2.73M! That $2.73M was effectively funneled to other wallets in a “legal”… pic.twitter.com/ACDC0EDcjx — Lookonchain (@lookonchain) February 26, 2025 Dirty Money In Action Large transactions for MELANIA and LIBRA showed an immense spike on-chain; $100,000+ trades surged by 400% and 350%, respectively. The increase in trade volume points to investors shifting their assets in response to suspicions about money laundering. Using liquidity withdrawals and sniper trading, blockchain company Bubblemaps discovered the same team behind both coins made over $100 million. The organization also connected itself to pump-and- dump systems including TRUST, VIBES, and Kacy. Allegedly earning $6…

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Filed under: News - @ February 27, 2025 9:16 pm