DefiTuna reveals $200 million market manipulation plan for M3M3 platform, involving multiple projects such as LIBRA and MELANIA

According to SolanaFloor, on February 17, 2025, Moty, the founder of DefiTuna, publicly announced through the X platform that DefiTuna had refunded Kelsier, an investor who had invested $30000 in the project on January 16, 2025, and severed all ties with him. This decision was made after Kelsier's alleged involvement in market manipulation, particularly its association with the Libra, MELANIA, and meme coin launchpad platform M3M3, was exposed. Moty has revealed a series of suspected carefully planned token manipulation behaviors that have resulted in large-scale fund withdrawals for community members. Moty wrote, "After discovering Kelsier's activities, we have refunded Kelsier and cut off all contact." After announcing this decision, Moty elaborated on his concerns in a series of posts and claimed that Kelsier was involved in a carefully planned plan to withdraw a large amount of funds from the meme coin launchpad platform M3M3. The leadership of Meteora, including Ben, has provided convenience for a large number of influencers who have gained significant benefits at the expense of the community. Despite directly contacting the core contributors of Meteora, they showed almost no sense of responsibility. Meteora co-founder Ben announced his resignation after being questioned, but only provided a vague public response. Moty said, "I have personally done my utmost, risking myself and everything we have built on DefiTuna, to try to get key figures to speak out, start identifying these bad guys, and eliminate them SolanaFloor contacted Moty to learn more about the interaction between DefiTuna and Kelsier, and to gain a deeper understanding of the operation of the M3M3 platform supported by Meteora. Moty provided a detailed description of DefiTuna's interaction with Kelsier, revealing that Kelsier contacted them through Lebanese employee Thomas and requested assistance in providing liquidity for M3M3. Initially, M3M3 was promoted as an independent platform, but later it was revealed that Ben had become its owner. Kelsier's participation requires that projects launched on M3M3 allocate a certain percentage of token supply to them. Vlad, co-founder of DefiTuna, passively participated while believing that the cooperation was legal. Moty revealed that Kelsier personally requested liquidity for M3M3, while Meteora co-founder Ben prohibits any transactions outside of Meteora. When DefiTuna proposed a neutral liquidity allocation strategy, they were ignored. Moty stated that over $200 million has been stolen in multiple projects including AIAI, MATES, ENRON, Melania, and Libra. The screenshot shows that Hayden shared the minting addresses of these tokens with a group of influencers in front of the official launch pad, allowing them to purchase them in advance and make significant profits. When asked about Kelsier's total profit from M3M3, Moty replied, "If you include AIAI, MATES, ENRON, a bunch of other projects... Melania and LIBRA... it's over $200 million. There are many other projects