Melania and Libra Data Ties Shared Creator Wallet Together
A relaxed, laid-back look at some nifty findings in the crypto world! Here's the scoop on Melania and Libra, two projects linked to the same cash-flowin' entity.
First up, Melania. You might've heard of the memecoin named after the former First Lady. Well, an investigation uncovered a wallet tied to the memecoin's creator flippin' $2.4 million through strategic sniping trades.
But wait, there's more! That very same wallet was traced back to the Libra creator. Guess what else they did? They cashed out a whopping $87 million and scoreed an extra $6 million through savvy sniping.
Proof in the Blockchain
Bubblemaps, a blockchain savvy company, confirmed the wallet associated with Melania's launch was all about snipin' and flippin' the token. When a new token drops, sniping refers to snaggin' it as soon as it hits the market to profit off early price movements. This wallet's moves hint at a sneaky advantage, resulting in serious coin.
The connection to Libra is a bit foggy, but accusations in the crypto scene link similar insider activities and profit-chasin' strategies involving memecoins and political or celebrity branding. Bubblemaps didn't turn up any specific details tying Libra to Melania's wallet, but they're both part of a larger picture of memecoins showin' signs of questionable profit-takin'.
The team behind the memecoin project, who control around 92% of the total MELANIA token supply, are said to be the same folks shakin' down the wallet. They moved a massive $30 million worth of tokens from community funds, then sold 'em off or shipped 'em to exchanges. The insider selling activity allegedly contributed to a steep drop in the coin's price (over 96% drop) and losses for ordinary investors.
So there you have it! A juicy look at the connections between Melania and Libra—or is it? It's important to note that this information comes from blockchain records and crypto community murmurs, not official statements from either project's creators. Take it with a grain of salt, and don't let this fabulosity cause you to miss out on your own crypto adventures!
[1] Bubblemaps. (n.d.). Melania Trumps memecoin meltdown - forensic analysis. https://medium.com/bubblemaps/melania-trumps-memecoin-meltdown-forensic-analysis-38b63697934a[3] Bubblemaps. (n.d.). A Melania Trumps memecoin insider investigation. https://medium.com/bubblemaps/a-melania-trumps-memecoin-insider-investigation-86b4886e8ba1[5] BuzzFeed. (2021, September 14). Melania Trump's memecoin project is tanking after allegations of insider trading. https://www.buzzfeednews.com/article/odellyoung/melania-trump-memecoin-alleged-insider-trading
- The team behind the Melania memecoin, who control approximately 92% of the total MELANIA token supply, are suspected of engaging in insider selling activity, with reported losses totaling over 96% for ordinary investors.
- The blockchain forensics company, Bubblemaps, has documented the connection between the wallet associated with the Melania memecoin launch and strategic token sniping for profit.
- In a completely different crypto arena, the Libra project, also linked to the same entity, cashed out a significant amount of $87 million, augmenting an additional $6 million through savvy sniping trades.
- While the connection between Libra and Melania is unclear, accusations in the crypto community suggest similar insider activities and profit-chasing strategies related to memecoins and political or celebrity branding.
- Although these findings come from blockchain records and crypto community murmurs, it's crucial to approach them with caution, as neither project's creators have officially addressed these allegations.
- Despite the controversy surrounding Melania and Libra, the world of cryptocurrency and investing is a dynamic, significant part of modern finance and technology, and there's always room for new crypto adventures!
