Onchain Data Links LIBRA and MELANIA Memecoin Teams

Onchain Data Links LIBRA and MELANIA Memecoin Teams

New onchain evidence and insider testimony suggest the LIBRA memecoin scandal extends beyond Argentina, linking the project to the failed MELANIA token launch. Investigators from Bubblemaps and YouTuber CoffeeZilla traced a money trail between the two projects, showing funds from MELANIA’s insider sales were used to seed LIBRA’s liquidity pools.

Blockchain records revealed a Solana wallet "P5tb4" pocketed $2.4 million from MELANIA, later transferring funds to an Avalanche wallet connected to LIBRA’s main creator account. “After analyzing cross-chain transfers and timing patterns, we're highly confident this is the case,” Bubblemaps posted.

A self-described 'launch strategist' named Hayden Davis admitted in an interview to orchestrating both memecoin launches, contradicting official denials from KIP Protocol. Davis also claimed Argentine President Javier Milei initially supported LIBRA as a blockchain transparency project but backed out after public backlash.

In a separate revelation, Davis alleged Barstool Sports founder Dave Portnoy was refunded $5 million in insider losses, a move he later regretted. “Portnoy knew about the launch… he put $5 million together, then loses the money ironically and you refund him,” Davis told CoffeeZilla.

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Milei Reignites LIBRA's Controversy After Fraud Allegations

Argentine President Javier Milei is facing criminal fraud complaints after promoting the Solana-based LIBRA token, which crashed hours after his endorsement. Lawyers Jonatan Baldiviezo, Marcos Zelaya, and former Central Bank chief Claudio Lozano accuse Milei of participating in an illicit association to commit fraud, claiming the token’s launch resembled a "rug pull" scheme.

Meanwhile, Milei unexpectedly reignited interest in LIBRA by retweeting a tutorial on how to buy the token, causing a 60% price surge in trading. The president's post comes after his earlier statement denying involvement in the token’s creation, claiming he deleted his initial endorsement to "limit further exposure." However, Argentina's main stock index fell 5.7%, following the LIBRA fiasco.

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User Burns 500 ETH to Accuse Hedge Fund of Brain Control

A mysterious Ethereum user has burned 500 ETH ($1.38 million) in a transaction containing an onchain message accusing Chinese hedge fund WizardQuant of "brain control." The message, claimed the firm's leadership had used "brain-machine weapons to persecute all company employees and former employees." This follows a pattern of prior burns, with 603.38 ETH ($1.67 million) already destroyed.

The same address has donated 711.52 ETH ($1.97 million) to WikiLeaks, with the largest transfer of 591.62 ETH ($1.63 million) occurring Monday. In an attached message, the sender identified himself as "Hu Lezhi" and wrote, "I have been monitored and manipulated by a brain-control organization since birth." Previous messages referenced large-scale brain-chip deployment for government control.

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Jack Dorsey Linked to Being Satoshi Nakamoto Again

Jack Dorsey’s connections to Bitcoin’s origins resurfaced after Seán Murray posted a detailed thread on X, compiling over 30 pieces of evidence linking Dorsey to Satoshi Nakamoto. Murray highlighted Dorsey’s early involvement in cypherpunk circles, his history of using pseudonyms, and timestamps aligning major Bitcoin milestones with key dates in Dorsey’s life.

The post further linked Dorsey’s career moves to Satoshi Nakamoto’s disappearance, noting that Satoshi stopped posting in 2010 just before Dorsey became Twitter’s executive chairman. It also drew attention to Dorsey’s later actions, including wearing a “Satoshi” shirt in public, Square’s Bitcoin advocacy, and cryptic messages referencing Satoshi’s legacy.

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Data of the Day

Global crypto investment funds saw $415 million in net outflows last week, ending a five-week inflow streak, according to CoinShares. The majority of losses came from US-based funds, which shed $464 million, while Germany, Switzerland, and Canada recorded modest inflows.

Bitcoin investment funds were hit hardest, losing $430 million, as BTC remains highly sensitive to interest rate expectations. Despite the pullback, Solana-based funds attracted $8.9 million in net inflows, closely followed by XRP and Sui products at $8.5 million and $6 million, respectively.

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More Breaking News

• Sam Bankman-Fried’s chances of receiving a presidential pardon remain slim despite rising clemency requests following Ross Ulbricht’s release.
• The California State Teachers Retirement System (CalSTRS) reported holding $83M in Strategy (MSTR) shares after doubling its investment value in Q4 2024.
• Binance co-founder CZ denied rumors that the exchange is up for sale, while co-founder Yi He implied Binance may be open to acquiring rivals.
• Hackers compromised the Saudi Law Conference’s X account to impersonate Crown Prince Mohammed bin Salman and promote fake meme coins.
• Polkadot Blockchain Academy is launching a Web3 education course for policymakers in Switzerland, with UK MPs attending to learn about crypto regulation.
• Deutsche Börse CEO Stephan Leithner called for a permanent digital euro (CBDC), arguing it would strengthen financial stability and EU economic autonomy.

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