MELANIA developer likely also behind LIBRA token, blockchain analysis suggests

Bubblemaps, a blockchain analytics and visualization platform, reported on X that the addresses linked to the creation of the MELANIA token was also involved with LIBRA, a controversial token. Their findings revealed sniper activity where large profits were made by quickly buying and selling these tokens at launch. An address identified as "P5tb4" made $2.4 million from trading MELANIA and transferred all the profits to another wallet, 0xcEA, associated with MELANIA's creator. This wallet was also involved in funding "DEfcyK," the creator of LIBRA, who withdrew $87 million. Additionally, 0xcEA profited $6 million from sniping the LIBRA launch, suggesting a repeated pattern of using insider knowledge for financial gain.