Facilitator of the memecoin Libra confesses to token theft

Hayden Davis reveals manipulation in memecoin launches

Hayden Davis, widely known as an advisor and self-proclaimed facilitator of the controversial token Libra, stated that the project team front-ran Libra at its launch - claiming they did so to deter others from front-running.

Libra emerged last Friday after Argentina's President, Javier Milei, promoted the token. The price of Libra skyrocketed to billions, and then plummeted within hours when Milei withdrew his support.

"So our goal was, can we take out enough liquidity to flush out all the front-runners, or at least control them so that when the chart drops, it doesn't crush the entire project?" Davis said in a video interview with YouTuber and crypto sleuth Coffeezilla.

He later added that he controlled the wallets of the team that held funds worth over 100 million dollars from the launch of Libra.

"What I mean is, when you're part of the team, I'm not saying it should always happen, but I am saying that many times it's to protect," Davis said. "And if there's enough volume, something has to be taken away so people have the chance to improve the picture again."

As noted in the description of the Coffeezilla video interview on YouTube, Davis claimed that Mauricio Novelli, Manuel Godoy, and Kip Protocol from Tech Forum Argentina are core members of the memecoin Libra. While the YouTuber identified Davis as one of the 'four big' creators of Libra, Davis stated that he was a 'facilitator' of Libra, not an implementer or a team member.

Davis admitted that he was part of the team that launched the #Melania #TRUMP memecoin and that the Melania team also sold the token at launch.

"I think the team did want to sell it because of how big the sale of the [memecoin] for Trump was," Davis said.

#libra #MileiMemeCoinControversy