Hayden Davis, the controversial figure behind failed meme tokens like LIBRA and MELANIA, is back on the crypto scene. This time, he's making moves through Kelsier Ventures, which recently funded a new active address on the Solana blockchain. That address has resumed trading, shared fresh memes, and begun interacting with the Kamino Lend protocol.
📌 A new start after the collapse?
The new Davis-linked address kicked things off with a modest 14,770 USDC, used to purchase new meme tokens. Another wallet sent 199,600 USDC to Kamino Lend, marking its first activity since June. Despite previous freezes of over $57 million in stablecoins, Davis and Kelsier Ventures appear to still be operating freely on-chain within the Solana ecosystem.
BRYAN: The Latest Meme Token Target
Davis’s latest venture is a highly illiquid meme token called BRYAN, still building its market against SOL. Kelsier Ventures-linked wallets have purchased small amounts, now holding 3.83% of the total BRYAN supply.
Currently, BRYAN holds just around $100,000 in liquidity, and despite showing no returns, Kelsier has already accumulated $944K worth of BRYAN, having sold a portion earlier. The token has dropped 99% from its January highs, and it remains uncertain what Kelsier’s endgame might be.
Kamino Lend: Passive Yields and Airdrop Hunting
Despite ongoing lawsuits and the LIBRA scandal, Kelsier Ventures never fully exited Solana’s economy. The fund allocated as much as $2.4 million into Kamino Lend, securing regular yield farming income. The capital reportedly originated from profits made during the height of trading in LIBRA and MELANIA.
Kelsier also continues to farm Kamino points, which could translate into a future airdrop. While its assets have declined to $5.87 million, down from around $10 million earlier this year, the fund is still actively managing its remaining stablecoins with strategic, if limited, trades.
#HaydenDavis , #memetoken , #libra , #Melania , #solana
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