LIBRA token 'facilitator' earns $12 million sniping Kanye West memecoin: Bubblemaps
Quick Take Blockchain analysis firm Bubblemaps alleges that Hayden Davis, who was at the center of the LIBRA token that involved Argentine President Javier Milei, earned $12 million sniping Kanye West’s recently-launched YZY memecoin. The firm also alleges that Davis played a role in creating the the Melania Trump memecoin that crashed in value.
Blockchain analysis firm Bubblemaps alleged on Monday that the self-proclaimed LIBRA token "facilitator" Hayden Davis earned $12 million sniping Kanye West’s recently-launched YZY memecoin.
Davis was at the center of the LIBRA token controversy that involved Argentine President Javier Milei. He is also believed to have played a role in creating the the Melania Trump memecoin that crashed in value.
"We noticed several addresses were funded from CEXs the day before launch [of YZY]," Bubblemaps posted to X . "Following the trail, we found a cluster prepared to snipe YZY. These addresses linked back to Hayden Davis (Kelsier) through funding transactions, [Cross-Chain Transfer Protocol] CCTP transfers, and shared deposits."
Sniping is a term in crypto that typically refers to an automated bot or smart contract executing programmed transactions to buy a large portion of a newly launched token’s supply — typically to be sold later for a significant profit.
Bubblemaps continued explaining how it pinpointed Davis' alleged involvement in sniping the West memecoin: "We can’t confirm if Hayden (Kelsier) had insider info or a direct link to the YZY team, but these 14 snipers, made $12 million in profits, bought as early as 1:54 AM UTC, one minute after the announcement [of the new token]."
It appears there could be a lot of questions surrounding who was involved with the launch of the West memecoin and who might have been privy to insider information. Last week, Bubblemaps said it had identified the first buyer of the YZY memecoin as a being both a trader and "expert sniper , " who turned $1 million into $100 million trading President Donald Trump’s memecoin .
Davis is CEO of Kelsier Ventures. In February, Davis admitted he sniped LIBRA tokens at launch. The Solana-based memecoin LIBRA gained widespread attention for its association with Argentina's president — a connection that fueled its meteoric rise which was eventually followed by a collapse in value.
The Block was unable to immediately reach Davis for comment.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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