TLDR:
- The LIBRA creator lost approximately $3 million trading tokens such as PUMP, TROVE, and PENGUIN.
- Bubblemaps identified activity in six wallets linked to Davis after a long period of on-chain inactivity.
- Despite previously earning $100 million in profits with LIBRA, his recent moves show a negative balance.
One of the most controversial figures in the crypto ecosystem is back in the spotlight. Hayden Davis records million-dollar losses on Solana, as confirmed by the latest Bubblemaps report, which also revealed that the creator of the LIBRA memecoin has resumed trading after months of silence.
While in previous operations he achieved massive profits through token “sniping,” Davis now faces a challenging landscape. Metrics indicate that he lost nearly $2.5 million on the PUMP token alone, with negative balances on other assets as well.
Davis’s return comes after a judge unfroze $57 million of his personal assets. However, transaction analysis reflects that his current moves are not yielding the same results as his controversial past operations.
The LIBRA history and the new reality of memecoins
The original Bubblemaps investigation linked Davis to a network of wallets that generated over $100 million in coordinated profits. Nevertheless, the volatility on the Solana network has harshly penalized his most recent positions, wiping out much of his speculative momentum.
While it is true that he received substantial airdrops and maintained a solid financial position, the operations carried out in the last 30 days show a losing streak. This demonstrates that even major market players face significant risks when market sentiment shifts.
In summary, the Hayden Davis case illustrates the complexity of maintaining profitability in the high-volatility coin sector. While authorities and analytics firms follow his footsteps, the market seems to have dealt him a lesson in financial humility.
