Are $LIBRA and $MELANIA tokens part of the same scam team?

The emergence of memecoins in 2025 has raised significant concerns within the cryptocurrency community. These digital tokens, often created from simple jokes or viral images, lack any real value beyond financial speculation. The ease of creating memecoins has led to an influx of these tokens flooding the crypto market in recent years, causing a stir in the industry.

In a surprising turn of events, former US President Donald Trump and his wife Melania jumped on the memecoin bandwagon by launching their own tokens – TRUMP and MELANIA, respectively. While these launches initially garnered interest from Trump supporters, the excitement quickly waned as questions arose about the legitimacy and sustainability of these tokens.

The downfall of TRUMP and MELANIA, with prices plummeting by 77% and 90% respectively within a month, highlighted the volatile nature of memecoins and raised doubts about the true intentions behind their creation. The sudden emergence of these tokens by prominent figures like former US presidents and foreign leaders has left many in the crypto community skeptical of their authenticity.

The MEMELIBRA scandal, involving Argentine President Javier Milei’s promotion of the LIBRA memecoin, further exposed the risks associated with these digital assets. Despite its initial success, with a market capitalization of $4.5 billion, LIBRA quickly spiraled downwards, losing 95% of its value in just four hours. Accusations of market manipulation and fraudulent practices cast a shadow over the credibility of these presidential memecoins.

Bubblemaps, a blockchain analytics platform, shed light on a potential connection between the memecoins MELANIA and LIBRA, suggesting that both tokens may have been created and launched by the same team or individuals closely associated with each other. The analysis revealed a series of transactions involving a Solana wallet address, “0xcEA,” which played a pivotal role in the launch of both tokens.

The intricate web of transactions, spanning multiple blockchains like Avalanche and Arbitrum, hinted at a coordinated effort behind the creation and promotion of MELANIA and LIBRA. The similarities in the transaction patterns and profit generation techniques pointed towards a classic “pump and dump” scheme, where the value of an asset is artificially inflated before being sold off for quick profits, leading to a market collapse.

The revelations by Bubblemaps and other blockchain analytics firms have put a spotlight on the murky world of memecoins, exposing the risks and uncertainties associated with these digital assets. The LIBRA and MELANIA fiascos have underscored the need for greater scrutiny and regulation in the cryptocurrency market to protect investors from potential scams and fraudulent activities perpetuated by unscrupulous actors.