MELANIA Insider Hayden Davis Selling Millions of Dollars Worth of Memecoin Amid 95% Drop: On-Chain Data
A memecoin creator notorious for being involved with several controversial projects is continuing to dump his coins even after a 95% drop. New data from the blockchain tracking firm Bubblemaps is shedding light on on-chain activity of Hayden Davis, who admitted to having a role in both Libra (LIBRA), a memecoin originally backed by Argentinian President Javier Milei before he quickly disavowed it, and Melania Meme (MELANIA), a coin inspired by Melania Trump. MELANIA began a steep descent the very day it was launched in January and is now down 95.3%. Says Bubblemaps, “Hayden Davis is STILL selling MELANIA He recently sent $1 million to exchanges and extracted over $2 million from the liquidity pools… For weeks, his MELANIA wallets were inactive – until now… In total, Hayden sent $1,065,153 worth of MELANIA to centralized exchanges and extracted $2,050,666 from the liquidity pool over the last 14 days. And many wallets haven’t sold yet. Why a...