- A wallet linked to MELANIA’s creator executed sniping trades, generating $2.4 million in profit.
- The same address was associated with LIBRA’s creator, who withdrew $87 million and gained $6 million through sniping.
- Blockchain records confirm fund movements between MELANIA and LIBRA, establishing a financial connection between both projects.
A blockchain investigation has connected MELANIA and LIBRA to the same entity, with significant profits linked to insider activity. The wallet associated with MELANIA’s creator engaged in sniping activities and generated $2.4 million in profit. Further analysis of the address linked it to the creator of LIBRA, who withdrew $87 million. Additionally, the same wallet sniped LIBRA, securing an extra $6 million in gains.
Wallet Transactions Reveal Connection
Bubblemaps has confirmed on X that blockchain records show that the wallet responsible for MELANIA’s launch actively participated in sniping the token. Sniping refers to purchasing assets immediately upon launch to capitalize on early price movements. The transactions indicate that the wallet involved in MELANIA’s creation executed early trades, securing a financial advantage that resulted in $2.4 million in realized profit.
The same blockchain address was traced to LIBRA’s creator, where large cash-outs were recorded. Data shows that the entity associated with LIBRA liquidated $87 million, reinforcing the link between both projects. Additionally, this address participated in LIBRA’s early trades, yielding an additional $6 million.
Pattern of Profitable Trades
The transactions associated with both MELANIA and LIBRA follow a structured pattern, where early access to tokens provided financial leverage. The repeated involvement of the same wallet in both projects indicates a strategic approach to capitalizing on new token launches. The entity behind the address executed sniping activities across both tokens, generating substantial profits.
The $2.4 million profit from MELANIA and the $6 million gain from LIBRA align with the overall $87 million withdrawal by LIBRA’s creator. The transactional link between the two projects establishes an association between the wallet and both token ecosystems.
Blockchain records confirm the movement of funds across these projects, documenting transactions between MELANIA and LIBRA. The wallet’s involvement in both tokens, along with the recorded profits and withdrawals, indicates a shared financial network. The identified transactions provide insight into the address activity, reinforcing its role in both token launches.
