Hayden Davis Returns to Trading Following LIBRA Scandal, With Recent Transactions Resulting in Significant Losses

Hayden Davis, the project creator behind the LIBRA meme coin, has returned to trading after a period of inactivity, according to blockchain analytics firm Bubblemaps. However, Davis' latest trades, primarily in Solana-based meme coins like PUMP, TROVE, and PENGUIN, have resulted in losses of roughly $3 million. Bubblemaps also revealed that Davis, who had previously made millions by sniping Kanye West's YZY token, didn't leave the market after the LIBRA collapse, which was linked to over $100 million in insider profits. Instead, he continued to generate profits through opportunistic trades, and has now re-engaged in routine on-chain trading activity.