The team behind LIBRA and MELANIA is laundering money through knock-on transactions
According to Lookonchain, the LIBRA and MELANIA internal teams are laundering money through "knock transactions", which cost 19,846 SOL (about $2.76 million) to buy a meme coin (POPE) with a market value of less than $150,000, and eventually sold it for 175 SOL (about $24,000), losing $2.73 million, which 2.73 million effectively transferred to other wallets in a legal manner.