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The LIBRA and MELANIA teams are engaging in wash trading through a wash trading scheme.

4 hours ago

On February 26th, as monitored by LookOnChain, the LIBRA and MELANIA internal teams are engaging in money laundering through "wash trading." The team used 19,846 SOL (approximately $2.76 million) to purchase a meme coin (POPE) with a market value of less than $150,000 and finally sold it for 175 SOL (approximately $24,000), resulting in a loss of $2.73 million. This $2.73 million was effectively transferred to other wallets in a "legitimate" manner.
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