Bubblemaps discovered that Hayden Davis, who was concerned with LIBRA and YZY tokens, has resumed on-chain buying and selling, however latest Solana meme coin bets resulted in practically $3 million losses.
A yr after Bubblemaps first detailed the on-chain mechanics behind the LIBRA meme coin collapse, the blockchain analytics agency has launched a brand new replace monitoring the renewed buying and selling exercise of undertaking creator Hayden Davis.
This time, it has highlighted vital buying and selling losses reasonably than insider positive aspects.
From Insider Wins to Meme Coin Losses
In line with Bubblemaps’ newest findings, Davis has resumed on-chain exercise after a interval of pockets inactivity, however is now down roughly $3 million after buying and selling a number of Solana-based meme cash, resembling PUMP, TROVE, and PENGUIN.
The replace stated that Davis had largely disappeared from on-chain buying and selling following Bubblemaps’ August 2025 investigation, which confirmed he had made hundreds of thousands by sniping the hip-hop star Kanye West’s YZY token shortly after launch. After these income, the wallets linked to him went dormant.
Nevertheless, Bubblemaps experiences that new wallets throughout the similar cluster have turn into energetic once more this yr. The truth is, over the previous 30 days, the agency recognized a number of giant transfers right into a deposit deal with linked to Davis, labeled CPGZ1i, which finally led to 6 energetic wallets underneath the identical cluster.
Transaction evaluation additional indicated that Davis was buying and selling as lately as 5 days in the past and centered totally on trending Solana meme cash. Not like earlier episodes, the vast majority of these trades had been unprofitable. Bubblemaps estimated losses of roughly $2.5 million on PUMP, $100,000 on PENGUIN, $29,000 on KABUTO, and smaller losses on tokens resembling LOUD and BAGWORK.
LIBRA Fallout Did not Finish It
The findings present Davis didn’t exit the market following the LIBRA collapse, which had beforehand been linked to over $100 million in insider income, in line with Bubblemaps’ report printed precisely a yr earlier. That earlier investigation mapped a community of wallets linked to LIBRA and MELANIA token launches, and demonstrated coordinated sniping exercise, cross-chain fund transfers, and fast cash-outs tied to addresses related to Davis and associated entities.
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On Monday’s replace, Bubblemaps noticed that as an alternative of disappearing, Davis’ monetary place advanced in different methods. As an illustration, a decide unfroze $57 million of his property, he continued to generate income by opportunistic trades resembling YZY, and he obtained a large MET airdrop. The most recent knowledge now exhibits Davis participating in routine on-chain buying and selling exercise once more.
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