Hayden Davis, the Controversial Figure Behind Tokens Like MELANIA and LIBRA, Is Back in the Spotlight

Hayden Davis, the controversial figure behind tokens like MELANIA and LIBRA, is back in the spotlight. Blockchain analytics firm Bubblemaps has revealed that Davis has

Crypto Investigator revealed that and his team have already cashed out over $100 million from and LIBRA using questionable tactics.

The firm is known for exposing how these tokens were created to make quick profits rather than build long-term projects. In one analysis with Coffeezilla, they unveiled the лица on how Trump tokens were used for a large-scale pump-and-dump scheme.

But about 12 days ago, Davis began aggressively selling MELANIA tokens. A recent report by shows that his wallets have dumped around $1.06 million worth of tokens onto centralized exchanges.

This pattern is shockingly similar to what happened with LIBRA, another project linked to Davis.

The meme coin horror continues as crypto analysis platform has revealed that and his team have already cashed out over $100 million from MELANIA and LIBRA using questionable tactics.

In collaboration with , Bubblemaps has previously exposed how these tokens were created to make quick profits rather than build long-term projects. A recent analysis focused on how Trump tokens were used for a large-scale pump-and-dump scheme.

For weeks now, reports have shown that Davis’s MELANIA wallets were mostly inactive. However, about 12 days ago, he began covertly selling tokens using a one-sided liquidity setup, a trick he’s used before with LIBRA.

This was detected by DeFiBeats on March 23, revealing a new MELANIA liquidity pool on Balancer with $450K on one side and $658K on the other. Such a setup is designed for selling at a specific price, which suggests Davis is still actively trying to pull funds out of the token, causing more instability in the market.

As of March 28, constant sell orders from major centralized exchanges kept pushing MELANIA’s price down. It dropped from $0.70 to $0.63 in just a few days, with even lower prices on some exchanges.

It once peaked at $13.73 but has since lost billions in value. While there’s still some money to be recovered from the market, many of its 246,375 holders might struggle to sell their tokens quickly before prices drop even more.

Political Memecoins: A Warning Sign?

The rise of Trump-themed meme coins in late 2024 set the stage for this. On January 18, 2025, Donald Trump launched his own memecoin, TRUMP, which rapidly surged from a few cents to an all-time high of $72.68.

The hype generated billions in trading volume and opened the door for more political meme tokens. The very next day, Melania Trump launched MELANIA, which also saw initial success but later faced backlash over presale funds and liquidity issues.

After the presale, 10% of the total MELANIA tokens were sold to the public, generating a huge $660 million on the first day. However, the presale wallet quickly sold off its tokens, sparking speculation about a pump-and-dump scheme.

Those suspicions deepened when reports showed that a new round of private tokens was being sold for lower prices, and a portion of the presale funds were used to buy more tokens for dumping on the market.

In a broader context, these tokens highlight the cryptocurrency industry’s susceptibility to market manipulation. Despite the efforts of blockchain analytics firms like Crypto Investigator and platforms like Behainal to monitor these activities, they present a significant risk for investors, especially those enticed by the hype surrounding these political figures.

As these tokens face increasing regulatory scrutiny and potential crackdowns, investors should approach them with extreme caution.