Hayden Davis Returns to On‑Chain Trading After LIBRA Collapse, Yet Recent Meme‑Coin Bets Have Cost Him Roughly $3 Million
Bubblemaps’ latest on‑chain investigation shows the creator of the failed LIBRA meme‑coin project is back in the market, but his most recent trades on Solana meme tokens have turned sharply negative.
Background
In August 2025, blockchain analytics firm Bubblemaps published a detailed report on the mechanics behind the rapid rise and crash of the LIBRA meme‑coin. The analysis exposed a network of wallets tied to Hayden Davis, the project’s founder, that reportedly generated more than $100 million in profit by front‑running launches such as the Kanye‑West‑backed YZY token and by moving funds across multiple chains before cashing out.
Following the exposure, the wallets associated with Davis went silent for several months. A court order later froze a substantial portion of his holdings, though a judge subsequently released around $57 million of those assets. During that lull, Davis also received a sizeable MET airdrop, which kept him on the radar of the crypto community.
New Activity Detected
In a fresh update released this week, Bubblemaps traced a resurgence of on‑chain activity linked to Davis. The firm identified a cluster of newly active addresses—most notably a deposit address labeled CPGZ1i—that have been used to fund six separate wallets. Over the past 30 days, these wallets received a series of large inflows, suggesting that Davis is once again allocating capital to speculative trades.
The renewed trades are concentrated on Solana‑based meme coins, a sector that has seen heightened volatility in recent months. The tokens involved include:
| Token | Approx. Loss |
|---|---|
| PUMP | $2.5 million |
| PENGUIN | $100 k |
| KABUTO | $29 k |
| LOUD | < $20 k |
| BAGWORK | < $20 k |
| TROVE | < $20 k |
Overall, the analysis estimates that Davis’ positions in these assets are down by close to $3 million.
How This Differs From Earlier Gains
The shift in Davis’ trading outcomes is stark when compared with his earlier behavior:
- 2025 LIBRA/YZY phase: Insider‑style sniping and rapid cross‑chain transfers generated multi‑million dollar profits. The wallets remained dormant after the gains were realized.
- 2026 resurgence: The same cluster of wallets is now engaging in frequent, smaller‑scale swaps of trending meme tokens. Most of these trades close at a loss, indicating a move away from the large‑scale, timing‑driven arbitrage that previously defined his activity.
Bubblemaps also notes that the newly active wallets appear to be separate from the original set used during the LIBRA era, though they belong to the same address cluster, hinting at a possible restructuring of Davis’ on‑chain identity.
Analyst Perspective
The re‑emergence of Davis raises a few points worth watching:
- Risk appetite: Switching from high‑yield, coordinated token launches to volatile meme‑coin speculation suggests a willingness to chase quick upside despite heightened downside risk.
- Capital source: The sizeable inflows into the CPGZ1i deposit address imply that Davis still has access to considerable liquid assets, whether from the previously unfrozen $57 million, the MET airdrop, or other private funding.
- Market signaling: As a known insider, Davis’ activity can influence sentiment around the tokens he trades. Persistent losses may dampen enthusiasm for those meme projects, while any future rebound could revive interest.
- Regulatory scrutiny: The earlier LIBRA investigation attracted attention from regulators and the broader crypto community. Continuous on‑chain visibility means Davis remains under observation, especially if his trading patterns trigger further red flags.
Key Takeaways
- Hayden Davis is back on Solana’s on‑chain markets after a year of dormancy following the LIBRA crash.
- Recent trades have been unprofitable, with cumulative losses estimated at nearly $3 million across a suite of meme coins.
- The losses contrast sharply with his earlier insider‑style gains from LIBRA and YZY, highlighting a shift in strategy and risk profile.
- Large capital inflows to a new deposit address indicate that Davis still controls significant funds, despite earlier asset freezes.
- Monitoring his activity remains relevant for traders and analysts, as Davis’ moves continue to serve as a barometer for the health of niche meme‑coin segments on Solana.
The information above is based on on‑chain data analysis conducted by Bubblemaps and publicly available statements. As always, readers should conduct their own due diligence before making any investment decisions.
Source: https://cryptopotato.com/hayden-davis-resurfaces-after-libra-crash-but-his-latest-trades-are-deep-in-the-red/
