Libra & MELANIA Developers Just Pulled a Shady Move—Here’s What’s Really Going On!
The creators behind MELANIA and Libra memecoins are at it again, and this time, they’ve made a puzzling on-chain purchase. But their true intentions might be far more calculated than they appear.
Blockchain data reveals that the same individuals behind these controversial tokens have now acquired a new memecoin. This comes after revelations that the MELANIA token—named after Donald Trump’s wife—shared developers with Libra, a memecoin previously accused of being a scam.
Here’s where things get interesting: These early insider wallets, linked to both projects, recently spent a staggering $2.76 million to buy POPE, a low-cap memecoin with a mere $150,000 total market value. Shortly after, they dumped their holdings for just $24,000, seemingly taking a $2.73 million loss.
But was it really a loss? Not at all. The so-called "loss" was nothing more than a sophisticated wash-trading maneuver. That $2.73 million didn't vanish—it was merely funneled into fresh wallets, effectively laundering the funds and making them appear legitimate.
Meanwhile, the Libra token had already stirred up global controversy when Argentine President Javier Milei publicly endorsed it. After the token was exposed as a scam, it triggered a chain reaction of negative events, including a drop in the country’s stock market.
The real takeaway? This is just another case of memecoin manipulation at its finest—where insiders play the game, and retail investors get left holding the bag. 🚨
