$LIBRA and $MELANIA Are in the News as Fresh Allegations of Insider Trading Continue to Raise Uproar

input: $LIBRA and $MELANIA are in the news as fresh allegations of insider trading continue to raise uproar within the crypto community regarding these token teams.

Fresh allegations of insider trading continue to stir up trouble within the crypto community, particularly with tokens such as $LIBRA and $MELANIA being at the center of the storm.

As reported by Lookonchain, an insider group associated with LIBRA and MELANIA engaged in an unusual trade with POPE meme coin for substantial funds, which was immediately dumped for minimal returns.

>”An insider group (deep integration) is quickly moving funds. They spent 19,846 SOL (≈ $2,76M) to buy a memecoin (POPE) with a market cap lower than $150K, and sold it for 175 SOL (≈ $24K), losing 2,730,000$.”

The POPE token trade signals an attempt at legalized money laundering. After buying POPE for 19,846 SOL at 0.138$, the insider sold it for 175 SOL at 15.7$. This move signals a loss of 2,729,900$, which was effectively funneled to other wallets.

The reported huge financial loss during this trade became suspicious when analysts explored the matter because this loss seemed intended to shift funds to other crypto wallets in ways that avoided legal detection.

The cryptocurrency transaction records show SOL funds from $LIBRA and $MELANIA trades were consecutively transferred into this POPE purchase, suggesting a coordinated laundering effort.

Часть 1: A Technical Advisor at $LIBRA had close ties to President Javier Milei during his presidential campaign.

During an official meeting on January 30, 2025, between President Javier Milei and technical advisor Hayden Davis of $LIBRA, Milei showed public support for the token through his social media.

After the presidential endorsement, the market went crazy with enthusiasm for $LIBRA. However, the project team's immediate action of removing $87 million from the liquidity pools triggered an 80% price drop, and President Milei's post was deleted as he initiated an investigation into corruption.

Sadly, the investors who had bought $LIBRA at a high price at the beginning of the year suffered permanent losses due to the token's 98% price drop.

Часть 2: A Familiar Playbook with $MELANIA Token

A comparable situation occurred when the $MELANIA token, attached to former First Lady Melania Trump, achieved a $10 billion market value until insiders liquidated substantial amounts which caused its value to plummet beneath $2 billion.

The token followed a familiar pattern to LIBRA when its origins used political figures for legitimacy but insiders drained funds which left retail investors with nothing.

Часть 3: $2.73M Lost in POPE Trade Raises Red Flags

A single wallet spent 19,846 SOL, worth $2.76M, to purchase the low-value POPE token with a $150K market capitalization. The wallet instantly offloaded the POPE purchased for 175 SOL, producing a loss of $2.73 million.

The reported significant financial loss during this trade became suspicious when analysts explored the matter because this loss seemed intended to shift funds to other crypto wallets in ways that avoided legal detection.

The cryptocurrency transaction records show SOL funds from $LIBRA and $MELANIA trades were consecutively transferred into this POPE purchase, suggesting a coordinated laundering effort.

Часть 4: On-Chain Trail: A Coordinated Scheme

The deep on-chain analysis found that initial trading wallets for LIBRA and MELANIA shared keys with extensive insider-controlled addresses. Numerous wallets in these projects have been implicated in rug pull cases such as TRUST, KACY, and VIBES.

Insiders conducted numerous Solana-Avalanche transfers using CCTP to cover their financial activities between blockchain networks. Insider profits from $MELANIA were converted into USDC before transferring funds to $LIBRA, which strengthens evidence that the same members ran both operations.

Часть 5: Conclusion

Internal manipulation in cryptocurrency operations has become a serious concern following investigations into $LIBRA and $MELANIA token schemes. The industry experiences rising regulatory pressure and demands stronger safeguards because blockchain data reveals that the schemes extracted millions by fooling retail investors.