After Argentina, chairman of Javier Milei, approved the Libra Mimimoin, founded on February 14, 2025, the pump dump was subject to experts. When the insiders sold their stocks quickly, they withdrew $ 110 million to collide with the value of coins and deleted more than $ 4 billion from the market cap in just a few hours. This report will investigate how the market has reacted, the influence of overall emotions and coin launches in the community. We also explore what can happen next with the role of the main characters, the role of the Argentine government and the $ Libra coin.
From startup to fraud: everything about Libra Meme Coin
$ Libra is a cryptocurrency created by entrepreneur Hayden Davis, CEO of Kelsier Ventures, Crypto Investment company. Bloomberg reported that the KIP protocol, a company that focused on decentralized AI technology, was involved in launching $ Libra.
KIP claims that you have signed up after launch to select a technology project and support AI efforts. Coins run on Solana blockchain, famous for fast and affordable transactions and are popular with Meme Coin Traders.
People can buy tokens through a website called VivalAlibertadproject.com. VIVALALIBERTADPROJECT.COM is also called La Libertad Avanza, a slogan that Milei frequently uses.
Presidential guarantee causes a surge in oil prices.
On the evening of February 14, Argentine’s chairman Javier Milei stated that $ LIBRA token will increase the economy of Argentina and support small companies on social media. He was connected to Token’s website and promoted as a way to fund local companies and ventures. The $ libra token was created just before Milei’s announcement and the website domain was registered the same day.
Milei insisted that Argentina is attracting global investment in his position. Initially, the price of $ libra began with 0 and focused on several digital wallets. Since Milei’s approval, the price has soared to nearly $ 5, and its market cap has pushed for more than $ 4 billion.
But it gets worse.
The website was created hours before launch, as shown below.
The domain was registered for a 1-year registration period.
There is no public owner information and there are multiple restricted domain statuses.
Was this project literally created overnight? pic.twitter.com/IpzuHWkHfL
— The Kobeissi Letter (@KobeissiLetter) February 15, 2025
But the community warning soon appeared in his posts, and suggested that the developer could be a fraudulent fraud by collecting funds and giving up the project before joining the user. Not long after, Milei decided to delete his posts and stop support without completely knowing the details of the project.
In a few hours, the value of the token plummeted to the central, and the market cap lost more than $ 4.4 billion. According to Kobeissi Letter, the insiders began selling $ 87.4 million in the first three hours after the launch, and 82%of the tokens were controlled by a single group without disclosure of token economics.
Hayden Davis, an entrepreneur of the Libra, admitted to maintain some profits despite the rapid decline in the tokens.
The president’s gambling was unexpected.
On January 18, US President Donald Trump’s official Trump (Trump) memoin (Trump) Memecoin was released after the release of celebrity approval, and the interest among retail investors of Melania Meme was Melania Meme’s Melania Meme. (Melani a) token began. Just before the inauguration of the president on January 19 at Solana Network on January 19.
Despite the acknowledgment of the president’s mistake, he retired a post that guides you how to buy Libra Memecoin. The approval of President Argentina’s own libes of coin coins is very unexpected. It is the worst to promote any meme coins by the individual of the government with high value. This movement by the president was considered abnormal and indicates an active involvement in fraud.
The scam of the Libra also affected the Trump token, reducing $ 500 million from the market cap.
Argentina officially starts a $ libra investigation.
Before the collapse, other blockchain data companies have already raised concerns about the project. For example, the blockchain analysis firm Bubblemaps pointed out that 82%of the tokens could be sold directly from the beginning, emphasizing problems related to Libra’s tokenomics.
According to an Argentina President’s President, President OFICINA DEL, issued by X on February 16, asked the anti -corruption office to investigate all other governments and all other government members.
Milei, meanwhile, is under pressure from political competitors who demand impeachment after a $ 100 million fraud after supporting cryptocurrency.
In his statements and tweets, Milei denied what he knew about the project. But he deleted this statement. In addition, other stories related to related stories come from other stories. At the beginning of Monday, the KIP protocol, an AI company that worked with the Argentine government, announced a detailed statement to challenge many arguments of their roles in the Libra to the launch of the Libra.
The company insisted that their CEO, Julian PEH, met with President Miley once on October 19, 2024, and the meeting did not deal with specific projects, including “Viva La River Tard” or token launch. According to the company, other employees did not have a meeting with Argentina.
Major players and their $ Libra conspiracy have been exposed.
After the Libra coin, the survey reporter Coffeezilla contacted people connected to the 0xcea address and the producer. He learned that he was behind the Kelsier Ventures CEO, Hayden Mark Devis, his father Tom Davis, and the known scammer arunkumar sugadevan.
In the interview, Tom Davis confessed that their group not only created Libra Memecoin but also gained profits by manipulating initial sales. They purchased early using several wallet addresses and earned $ 6 million with these actions.
My rich trading tactics
According to a survey on Libra, the scammers of this project can use the market using internal knowledge. As soon as they fired using several wallets, they quickly bought a large amount of tokens.
This includes purchasing as soon as the new token is released. Often before regular investors have a chance to react. This early buyer sold a large stake in a few hours and left a loss to the general investor for significant benefits.
In the case of Libra, the sniper connected to the wallet address 0xcea has sold more than $ 100 million tokens as the market value reaches its peak, leaving an asset that has soared and devalued to other investors.
Connection between Melania and Libra Memecoin
According to a joint survey by the Blockchain Analytics company Bubblemaps and a pseudonym of a pseudonym, known as Coffeezilla, the evidence that the same group failed to fail the failure of Libra and Melania tokens. Bubblemaps shared on Twitter. “I am convinced that this is true after analyzing cross chain transmission and timing patterns.”
According to the survey, the connected wallet activities between other projects showed how the interests of one plan were used to raise other funds through other chain transfer. For example, the main wallet of the Solana network marked as “P5TB4” was made to make more than $ 2.4 million in the initial transaction of Melania tokens and moved the funds directly to the token’s creator.
According to the blockchain record, the wallet 0xcea has moved $ 16 million USDC to four Solana wallets. The wallet quickly purchased a $ 377 million Libra token and sold it to 82.5 million USDC for $ 66.5 million.
According to further analysis, the wallet “0xceae… 06E2” sent USDC from Avalanche to Solana and paid to Dave Portnoy, suggesting that this wallet can be directly connected to the $ libra team.
The Libra token, which simply supported Argentine President Javier Milei, quickly reached billions of dollars before the insiders plunged 95 percent when they had won $ 87 million. Similarly, Melania token, approved by First Lady in January, had initially soaring, but it fell, causing significant losses for daily investors.
According to Bubblemaps, this group would have led some other token launches with names like trust, casey, vibe and hood.
Same sniper tracking: From Trump to Libra
ARKHAM’s new data indicates the fast -to -scale purchase pattern of the same group after the launch of Trump and Libra Memecoin. According to the blockchain record, the entity connected to the 6QS address (in the first block of the launch, a sniper of more than a million dollars of Trump tokens, the token was distributed to the 5CP wallet and related addresses, and eventually sold Trump for real benefit.
The entity that bought $5M of LIBRA just now is connected to the entity that sniped $1M of TRUMP in the first block of its launch.
This entity sniped $1M+ of TRUMP as soon as it launched on the address 6QS. All of this TRUMP was distributed to 5CP, which then split TRUMP between… pic.twitter.com/oCua5ISNZt
— Arkham (@arkham) February 17, 2025
President Harvier Miley retweeted the “Libra Purchasing Method,” and the address connected to this network was purchased worth $ 5 million.
This fast and mass purchase shows an initial Trump sniper strategy, which suggests a similar approach to exploit Memecoin launch and approval. Investigators say that these repetitive tactics have pointed out the systematic internal rich market manipulation, and have been concerned that the individual behind these transactions is adjusting the pump and dump system in various projects.
conclusion
Argentine President, KIP protocol, Kelsier Ventures or Hayden Davis?
Libra emphasizes the risk of increasing in the Memecoin market. Many investors have led the potential for fast profits, but they are actually insiders who are actually benefiting.
As more frauds are exposed, the demand for more strict regulations and the openness of the memecoin space are more urgent. The role of the 0xcea wallet in the Libra is the dark side of the encryption space.