Shocked! $500 Million Internal Trading with TRUMP Coin: The Mystery of LIBRA and the Underground Game of Crypto

Amidst the continued fluctuations in the meme coin market, the scandal surrounding LIBRA has sparked numerous criticisms and suspicions. The founder of LIBRA, Mr. Hayden Davis, has just accused an internal trading case involving another token - TRUMP, allegedly launched by President Donald Trump. TRUMP's domestic trading In an interview with YouTuber Stephen Findeisen, known as Coffeezilla, on February 16, Davis revealed that the "grandfathers" in the cryptocurrency community attended a private event in Washington, D.C. to buy TRUMP with amounts up to 500 million US dollars. According to him, it was not bots or individual investors that caused the "sniping" effect when the token launched, but an organized campaign to reserve a large amount of tokens for those with insider information.

Davis emphasizes: The largest profit is generated from TRUMP. That is a typical example, completely transparent. People have been able to buy in with 500 million dollars. Although the details of the token seller have not been fully verified, according to the information conveyed, this insider trading took place right at a crypto event in the U.S. capital. TRUMP's ocean battle and the rise of MELANIA TRUMP was launched on January 18, 2025, and quickly saw a sharp increase in value before experiencing a steep decline thereafter. Coffeezilla, who always carefully monitors anomalies in the cryptocurrency market, publicly criticized Trump for launching the token just hours before taking office, raising suspicions about the timing and distribution method. Reports say that early investors with insider information reaped huge profits, while billions of dollars of other crypto wallets suffered heavy losses. Not stopping there, right after TRUMP launched, First Person woman Melania – the wife of the President – launched the MELANIA meme coin. Even recent on-chain data revealed a connection between the team behind LIBRA and MELANIA. Specifically, blockchain platform Bubblemaps discovered that the MELANIA creator's wallet was involved in LIBRA's "sniping" activity: the wallet withdrew more than $87 million in liquidity and quickly bought about $6 million in tokens at launch. In the realm of meme coins, "sniping" is often understood as the act of buying tokens immediately at the time of launch thanks to inside information, which facilitates unexpected profits – but also comes with huge risks. The spread of consequences and international controversies Not only stopping at the allegations of internal strife in the U.S. crypto market, the LIBRA crisis has also spread internationally. In Argentina, President Javier Milei has advocated for the launch of the LIBRA token with the aim of supporting domestic businesses. However, this project quickly came under fire as a 'rug pull' - a fraudulent act that caused investors to lose a huge amount of money. As a result, Milei is currently facing embarrassing allegations on the international stage, lawsuits for fraud, and even the risk of impeachment. Nevertheless, he insists that he is not involved and only lacks detailed information about the project. The meme coin trend is not limited to the US and Argentina. Some other countries, like the Central African Republic, have also released their own national meme coins - but its fate seems no different, as its value plummeted sharply just hours after its launch. The influence of influential figures It is worth noting that the LIBRA project has also attracted the participation of many famous influencers. Among them, Dave Portnoy - the founder of Barstool Sports - is said to have been invited to be a spokesperson for LIBRA. However, according to Portnoy, he suffered a loss of over 5 million dollars and had to return 6 million LIBRA tokens to the project's founder, an amount that could be considered as payment for promotion. Conclusion The allegations of insider trading, along with the sudden drop in token value, have raised many questions about transparency and ethics in the meme coin market. Events related to LIBRA, TRUMP, and MELANIA have not only sparked suspicion within the cryptocurrency community but also warned investors about the risks of participating in unverified projects. While regulatory agencies and the community continue to closely monitor, the lessons of caution and transparency in investment become more crucial than ever.