A Memecoin creator who is increased to be involved in several controversial projects continues to dump their coins even after 95% fall.
New data from blockchain tracking company Bubblemaps highlights activity on the chain by Hayden Davis, which admitted to having a role in both waves (Libra), a memecoin originally supported by Argentine President Javier Milei before he quickly rejected it, and Melania Meme (Melania), a coin inspired by Melania Trump.
Melania started a steep descent on the day it was launched in January and is now down 95.3%.
Says Bubbleaps,
“Hayden Davis still sells 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 in Melania to centralized exchanges and extracted $ 2,050,666 from the liquidity pool over the past 14 days.
And many wallets have not sold yet.
Why act now?
Hayden may have seen the recent attention as a window to silently move money while fewer looked at
We continue to monitor for further activity. “
At the time of writing, Melania is traded for $ 0.615.
Argentine authorities are that reportedly Try to get Davis arrested by Interpol for his role in Libra.
“I’m here to request immediate detention of Hayden Mark Davis, a citizen of the United States, who is accused of being one of the most important players behind the launch of Cryptocurrency -Libra …
The possibility that Davis will abandon his home country or hide to avoid being responsible for his alleged documents seems to be aggravated by the financial resources he has, which he can use to move or remain in the hiding place, which hinders our investigation. “
President Milei quickly rejected the wave, claiming he was tricked into supporting the launch.
Said Milei in Spanish,
“I was not aware of the details of the project and after becoming aware of that I decided not to continue spreading the word (that is why I deleted the tweet).
To the dirty rats from the political throw who want to take advantage of this situation to hurt, I want to say that they confirms every day how difficult politicians are, and they increase our conviction to kick them in A **. “
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