TRUMP Coin Insider Hayden Davis Was a Major PUMP Whale Who Dumped Millions

Blockchain analytics firm Bubblemaps identified Hayden Davis, a controversial crypto insider known for the LIBRA token scandal, as a major whale investor in Pump.fun's PUMP token. Davis invested $50 million USDC in the private sale, receiving 12.5 billion PUMP tokens worth about $73 million at launch. Within days, he moved roughly 80% of these tokens to centralized exchanges, eventually netting an estimated $15 million in profit as the token price fell significantly. This discovery positions Davis not just as a meme coin trader but as one of the largest early institutional buyers of the PUMP token, highlighting concerns about insider advantages in token launches. Davis, CEO of Kelsier Ventures, has a history of involvement in volatile meme coin launches, including MELANIA and the collapsed LIBRA token.

(Source：BeInCrypto)