Hayden Davis, a controversial crypto insider and CEO of Kelsier Ventures, was revealed as one of the largest private investors in the Pump.fun’s PUMP token, buying $50 million USDC worth of tokens. He quickly sold about 80% of his holdings shortly after launch, profiting an estimated $15 million, while retail investors faced significant price drops later. This case highlights ongoing concerns about insider advantages and rapid sell-offs in meme coin launches affecting market fairness.