Sniped & Linked? LIBRA and Melania’s Shady Connection

Analysts are confident that the LIBRA meme coin was launched by the same team responsible for MELANIA.

Author

Danielle du Toit
February 17, 2025

Here's what we've got for you today:

  • LIBRA Creators Tied to Melania and other Short-Lived Meme Coins: Bubblemaps

  • Bitcoin Mining Powers US Economy with 31,000 Jobs and $4.1 Billion Impact

  • Strategy Could Be Eligible for S&P 500 Inclusion in June if Bitcoin Closes Q1 Above $96K

  • Sleuth Says New Evidence Links Jack Dorsey to Bitcoin Like Never Before

🔗 LIBRA Creators Tied to Melania and Other Short-Lived Meme Coins: Bubblemaps

Bubblemaps analysts are very confident that the Libra (LIBRA) meme coin was launched by the same team responsible for Melania (MELANIA).

  • Bubblemaps analysts shared on-chain evidence suggesting that the team behind LIBRA may have also launched the Melania token and orchestrated sniping for both launches.

  • The controversial launch of the token contributed to calls for President Javier Milei’s impeachment after he endorsed the token.

  • A Solana wallet ("0xcEA") allegedly sniped the Melania token launch, and made about $2.4 million in profits. Bubblemaps noticed that this wallet is associated with LIBRA as well.

The Bitcoin mining industry quickly grew into a major economic force in the United States after creating over 31,000 jobs across the country.

  • A study by the Perryman Group pointed out Bitcoin mining's impact on employment, energy infrastructure, and national priorities despite the sector being relatively new.

  • Bitcoin mining is concentrated in 12 US states, with Texas leading the pack. These mining operations contributed over 12,200 jobs and strengthened local energy utility infrastructure.

  • Miners also help stabilize Texas’ electrical grid by shutting down during peak demand and using excess power off-peak, making them a crucial part of grid resilience strategies for state and local governments.

Currently, the company meets all eligibility requirements except one: achieving positive GAAP net income over the trailing 12 months.

  • To qualify, Q1 2025 earnings must offset losses from the past three quarters, aided by the new FASB digital asset accounting rule, which mandates marking Bitcoin holdings at fair value rather than at their lowest levels.

  • Previously, companies like Strategy valued Bitcoin at its weakest price, leading to a $1 billion impairment loss in Q4 of 2024, despite Bitcoin closing the year at $94,000.

  • Analyst Richard Hass estimates that for Strategy to meet the S&P 500 earnings requirement, Bitcoin must close Q1 2025 above $96,337, generating $1.113 billion in earnings based on its 478,740 BTC treasury.

Jack Dorsey has again been theorized as secretly being Bitcoin’s pseudonymous creator, Satoshi Nakamoto.

  • Seán Murray compiled a list of facts linking Jack Dorsey to Bitcoin’s creation, and suggested Dorsey may be Satoshi Nakamoto due to his long-standing cypherpunk tendencies.

  • Dorsey denied being Satoshi, and stated in an April 2020 interview with Lex Fridman: “No, and if I were, would I tell you?”

  • Murray specifically pointed out symbolic dates, like the first Bitcoin transaction that occurred on Dorsey’s mother’s birthday (Jan. 11), and Satoshi’s last mined block was on his father’s birthday.

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