on-chain data unveils the dark secrets of the birth of $LIBRA: a carefully planned series of Be Played for Suckers

Author: Bubblemaps

Compiled by: TechFlow of DeepPool

$LIBRA is created by the same team that launched MELANIA and other short-lived tokens, and this article will reveal the truth of the event through new evidence on the chain.

(The original image is from Bubblemaps, compiled by Deep Tide TechFlow)

For a long time, people have speculated that MELANIA and LIBRA may be controlled by the same team, but there has always been a lack of direct evidence—until now.

By analyzing the fund flow and timing patterns of cross-chain transfers, we can almost confirm that these two are indeed closely related.

It all started with our in-depth investigation into the “grabbing behavior” (sniper activity) in the MELANIA project.

One of the addresses that caught our attention is: P5tb4. The address has accumulated profits of over 2.4 million US dollars through relevant operations.

More notably, this address is transferring all the profits to 0xcEA, a wallet address that we have confirmed to be associated with the creator of MELANIA.

This transfer was completed through the USDC cross-chain transfer protocol (CCTP), which allows for fast fund transfer between different blockchains.

THROUGH THE ANALYSIS OF ON-CHAIN FUND TRANSACTIONS (funding transactions) AND CROSS-CHAIN TRANSFERS, WE FOUND THAT 0xcEA IS DIRECTLY RELATED TO THE CREATOR OF MELANIA.

We are convinced that these connections are by no means coincidental.

This indicates that the creator of MELANIA, or someone closely related to their team, used insider information to buy their own tokens at the start of the project launch.

We monitor activity at this address on an ongoing basis. A few weeks later, we found out that 0xcEA had provided funding to DEfcyK, which was the creator of $LIBRA.

Yes, that’s the creator who cashed out $87 million through $LIBRA.

What’s even more shocking is that 0xcEA also targeted $LIBRA through multiple associated addresses, with funds coming from the USDC cross-chain transfer protocol (CCTP). In the end, they made a profit of $6 million from $LIBRA.

This operation is identical to the case of MELANIA.

(Original image from Bubblemaps, compiled by TechFlow)

But it didn’t end there. We also found a number of 0xcEA-related token offerings, most of which were used for pump-and-dump (pump and dump) operations. Here are some of them:

TRUST, KACY, $VIBES, and $HOOD.

From today’s analysis, we see a clear pattern: greed.

The creators of MELANIA and LIBRA not only extract value by issuing tokens, but also use internal information to snap up these tokens and profit from it.

Only $LIBRA alone, their profit exceeded 100 million dollars.

Finally, we have to ask a key question: who is behind these tokens? Is it KIP Protocol, Kelsier Ventures, or Hayden Davis?

Want to know the answer? Please follow Coffeezilla’s latest video.

(Original image from Bubblemaps, compiled by TechFlow)