# MileiMemeCoinControversy Facilitator of the Libra memecoin 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 Libra token, said that the project's team front-ran Libra at its launch - claiming they did it to deter others from front-running.

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