- Bubblemaps alleges Hayden Davis netted $12M by sniping Kanye West’s YZY memecoin inside minutes of its launch.
- Suspicious pockets exercise tied again to Davis reveals pre-funded addresses able to strike earlier than the token went dwell.
- Not Davis’ first rodeo—he admitted to sniping LIBRA earlier this 12 months, including gas to hypothesis about insider entry.
Crypto detectives are buzzing once more. Blockchain evaluation agency Bubblemaps dropped recent allegations on Monday, claiming that Hayden Davis – the so-called “facilitator” of the infamous LIBRA token – walked away with $12 million by sniping Kanye West’s lately launched YZY memecoin.
Davis, who was already tangled within the LIBRA fiasco tied to Argentina’s President Javier Milei, has a little bit of a popularity. He’s additionally been linked to the Melania Trump token, one other movie star memecoin that tanked shortly after launch. Now, Bubblemaps says the identical acquainted fingerprints are exhibiting up round Kanye’s YZY coin.
Tracing the YZY Trades
In response to Bubblemaps, the setup regarded fairly suspicious. “We observed a number of addresses had been funded from CEXs the day earlier than launch,” the agency wrote on X. They went on to disclose {that a} cluster of wallets appeared completely primed to snipe the coin at launch. Their investigation tied these addresses again to Davis by way of a mixture of funding trails, CCTP transfers, and even shared deposits.
In crypto-speak, “sniping” mainly means utilizing bots or sensible contracts to scoop up large quantities of a token inside seconds of its launch. These tokens are then flipped for revenue as soon as the hype sends costs hovering. Bubblemaps says Davis, or a minimum of addresses linked to him, had been a part of a gaggle of 14 snipers who netted round $12 million. A number of the buys occurred only one minute after Kanye introduced the token.
Déjà Vu for Davis
This isn’t the primary time Davis has been accused of enjoying the sport. Again in February, he admitted to sniping LIBRA tokens proper at launch, a transfer that helped gas LIBRA’s meteoric rise (and eventual crash). Bubblemaps additionally famous that the very first purchaser of YZY was an “skilled sniper” who famously turned $1 million into $100 million buying and selling Trump’s memecoin earlier this 12 months.
With Davis on the heart of a number of celebrity-coin controversies, it’s no shock the crypto group is elevating eyebrows. His agency, Kelsier Ventures, has been tied to quite a lot of questionable launches in recent times, including to the hypothesis.
The Questions Nonetheless Hanging
For now, Bubblemaps is cautious, saying they will’t affirm whether or not Davis had insider information or a direct line to Kanye’s YZY workforce. What’s clear is that somebody with deep pockets and critical timing pulled in thousands and thousands virtually immediately, leaving smaller merchants holding the bag.
As of now, Davis hasn’t commented on the most recent accusations. However given his observe document—and the sheer measurement of those trades—it’s not arduous to see why folks suppose this can be extra than simply “good luck.”