Bubblemaps analysts state that the meme token Libra is linked to the creators of Melania.

On-Chain Evidence Connects LIBRA and MELANIA

Blockchain analytics firm Bubblemaps has published new on-chain evidence indicating that the team behind the controversial meme token Libra is the same group responsible for launching Melania. This finding has generated significant interest across the crypto community, as it exposes questionable practices within the meme token sector.

In a mid-February 2025 report, analysts stated they were "very confident" in their conclusions, identifying wallet address 0xcEA as a key participant in both token launches. Their discovery stems from in-depth analysis of blockchain transactions and fund flows across various platforms.

Bubblemaps' investigation found that address 0xcEA played a major role in sniping the Melania token launch in January 2025, generating $2.4 million in profit. Sniping—a controversial practice in the crypto ecosystem—involves making large-scale token purchases immediately at launch to seize on early price volatility.

The funds were quickly moved to another Avalanche wallet through a series of obscured transactions across multiple Solana wallets. This approach to hiding financial flows is typical of efforts to conceal the source and destination of funds. Analysts maintain that this pattern strongly suggests the Melania team, or someone closely tied to them, manipulated their own token's launch for insider profit.

Weeks later, the same wallet surfaced as the funding source for the creation of the LIBRA token. This finding is a critical piece linking the two projects. When LIBRA launched in mid-February 2025, wallet 0xcEA executed a similar sniping strategy, pocketing $6 million using several secondary wallets funded via cross-chain transfers from Arbitrum and Avalanche.

Given these repeated actions and interconnected funding schemes, Bubblemaps concluded that the same entity likely orchestrated both token launches. Analysts highlighted a "pattern of greed," noting that the creator of MELANIA and LIBRA not only launched tokens for value extraction, but also used insider knowledge to snipe them—netting over $100 million from LIBRA alone.

The LIBRA launch quickly devolved into a financial disaster, with Argentinian president Javier Milei facing impeachment calls after the token collapsed. This incident drew global attention to the risks of meme tokens linked to political figures. Insiders are reported to have cashed out $107 million, erasing 94% of LIBRA's value in under four hours.

Blockchain intelligence firm Lookonchain identified eight wallets tied to the LIBRA team that drained project liquidity, cashing out $57.6 million in USD Coin and 249,671 Solana—worth nearly $50 million at the time. This massive liquidity extraction triggered a catastrophic collapse in the token's price, leaving many investors with steep losses.

The Melania token saw a similarly dramatic rise and crash. Launched in January 2025, its market cap soared to $13 billion in just four hours before plummeting 99% to $189 million shortly after. This boom-bust cycle—common among meme tokens—shows the extreme risks tied to these speculative plays.

Bubblemaps' analysis points to wallet 0xcEA as being behind several high-profile pump-and-dump schemes. These include a fake Robinhood token, which peaked at a $120 million market cap before collapsing to $12.5 million. These cases reveal a recurring pattern of market manipulation and exploitation of unsuspecting investors.

Meme Tokens Ranked as 2024’s Most Popular Crypto Narrative, According to CoinGecko

Meme tokens led the crypto landscape in 2024, attracting nearly a third of investor attention, according to a CoinGecko report. This ongoing trend reflects the strong appeal of these highly speculative assets, despite their inherent risks and frequent links to scams.

The study, which tracked website traffic from the start to the end of 2024, found that 31% of crypto-related searches centered on these speculative tokens. This striking statistic underscores the outsized influence meme tokens exerted on the overall crypto ecosystem.

Among the trends analyzed, the "main meme token narrative" accounted for 15% of all interest—an increase of more than six percentage points from 2023. This sustained rise demonstrates that enthusiasm for meme tokens is not a passing fad but a lasting force in the crypto sector.

Solana-based meme tokens ranked fourth overall, securing an 8% share of interest. The Solana blockchain has emerged as a leading launchpad for meme tokens, thanks to its low fees and high processing speed. Other meme token trends—such as those tied to Coinbase’s Base blockchain and AI-themed meme tokens—also placed among the year’s most popular narratives, further solidifying the sector’s dominance.

Despite their speculative risks and widespread association with scams, meme tokens have drawn both criticism and praise. Critics highlight the significant risks for retail investors, while supporters point to their role in democratizing access to financial markets and building active communities. This ongoing debate continues to shape the role of meme tokens within the broader crypto ecosystem.

FAQ

What Is Libra? How Is It Connected to the Creators of Melania?

Libra is a meme token connected to the Melania ecosystem. It forges a community link between the Melania creators and their supporters. The token is designed to strengthen engagement and loyalty within this innovative, dynamic crypto community.

What Is the Specific Connection Between Libra and the Melania Creators, According to Bubblemaps?

Bubblemaps' analysis shows that Libra shares wallet and initial funding ties with Melania's founding team, suggesting coordinated efforts in launching and promoting these meme projects across the Web3 ecosystem.

What Are Libra Meme Token’s Investment Prospects and Risks?

Libra meme offers compelling growth potential, driven by its active community and high-profile associations. With adoption rising and visibility increasing in 2026, the token could see significant appreciation. Prospects remain promising for informed investors.

Will This Association Discovery Affect Libra Token’s Price and Ecosystem?

This connection strengthens Libra’s visibility and legitimacy. In the short term, increased media attention should provide a notable positive impact on price. The ecosystem stands to gain from a larger user base and rising adoption.

How Can You Confirm the Link Between Libra and the Melania Team On-Chain?

Use a blockchain explorer to trace addresses tied to the Libra token and verify transactions, wallets, and smart contracts linked to the Melania creators. Reviewing on-chain metadata and contract interactions will confirm direct connections.