Even after 95% of his memecoins have been lost, a creator who is notorious for having worked on several controversial projects continues to sell them.
Bubblemaps, a blockchain-tracking firm, has released new data on the on-chain activities of Hayden Davis. Davis admitted that he played a part in Melania Meme, a coin that was inspired by Melania Trump, as well as Libra, a memecoin initially backed by Argentinian president Javier Milei, before he disavowed this coin.
MELANIA has been in a downward spiral since the day of its launch, which was January. It is currently down 95.3%.
Says Bubblemaps,
Hayden Davis STILL sells MELANIA
A man recently spent $1 million on exchanges, but he extracted $2 million in liquidity from his liquid pools.
His MELANIA wallets have been inactive for weeks – but now they are working again…
Hayden has sent MELANIA worth $1,065,153 to central exchanges over the past 14 days and taken $2,050 666 out of the liquidity pool.
Many wallets are still unsold.
Why Act Now?
Hayden could have used the recent decline in interest to move money while less people were paying attention
“We’ll continue to monitor for any further activity.”
MELANIA currently trades at $0.615.
Argentinian officials are reportedly trying to get Davis detained by Interpol because of his involvement in LIBRA.
Says prosecutor Gregorio Dalbon,
I’m here today to demand the immediate arrest of Hayden Mark Davis. He is a United States citizen who has been accused of being a principal actor behind the launch and promotion of LIBRA, the crypto currency.
Davis’s economic wealth, and his ability to hide or move to another country to escape answering for the alleged crimes he committed, may make him more likely to flee or to remain hidden, thereby hindering any investigation.
The President Milei disowned LIBRA quickly, saying that he had been tricked to support its launch.
Said Milei in Spanish,
I would like to tell the vile political class that they are every day, and how they make us more determined to slap them.
The Daily Hodl. The Daily Hodl.
Sources of Images: Pixabay Creative Commons DALLE3
The information contained in this post MELANIA insider Hayden Davis selling millions of dollars worth of Memecoin amid 95% drop: On-Chain data may change as new developments unfold.
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