Hayden Davis, the Divisive Figure Linked to LIBRA and MELANIA Tokens, Is at It Again

Hayden Davis, the divisive individual linked to a number of prominent tokens—LIBRA and MELANIA among them—has found himself the center of attention once more

Hayden Davis, the divisive individual linked to a number of prominent tokens—LIBRA and MELANIA among them—has found himself the center of attention once more.

This time, however, the developments center around recent news reports that allege Davis has been up to some not-so-savory activities concerning the $MELANIA token. In short, it seems Davis has been liquidating his $MELANIA holdings in a very underhanded manner and sending the millions of tokens he’s been cashing out to a series of centralized exchanges.

For weeks, Davis’s wallets lay inactive, prompting many to think he’d abandoned his token ventures. But just 12 days ago, his MELANIA wallets burst back into life. Davis was last seen in this space with tokens like LIBRA, which he upped the ante with in a previous expose done in conjunction with YouTuber-investigator Coffeezilla. With his recent wallet activity, he’s now hitting us big again with these transactions.

Covert Moves: Millions in MELANIA Tokens Sent to Exchanges

Over the past two weeks, Hayden Davis has been steadily divesting himself of MELANZA tokens using a method called single-sided liquidity. This technique, less common than typical market orders, allows one to sell into a liquidity pool without requiring a corresponding buy order to keep things in balance—a fact that could, in theory, be making token prices go down.

On September 21, Davis sold 1,065,153 $MELANIA tokens, which are currently valued at around $8.22. In total, these movements amount to approximately $8,786,410 in liquidated MELANIA tokens.

These movements are very similar to the ones that Davis used in the launch and sale of LIBRA, a token that has also drawn a lot of controversy because of the price manipulation tactics that it uses. So, a lot of people in the cryptocurrency community are now asking whether he is using the same strategy with these tokens to benefit financially while screwing over retail investors and the broader market.