Recent revelations by on-chain analytics firm @Bubblemaps.io , in collaboration with investigator Coffeezilla, have uncovered ongoing suspicious activities linked to Hayden Davis and the MELANIA token. Here’s a detailed breakdown of the five key points from their investigation:
$1 Million to Exchanges and $2 Million from Liquidity Pools
Hayden Davis resumed selling MELANIA tokens after weeks of inactivity, transferring $1,065,153 worth of tokens to centralized exchanges like Kraken and MEXC. Simultaneously, he extracted $2,050,666 from liquidity pools over 14 days. Liquidity pools are reserves that enable token trading on decentralized platforms; draining them can destabilize prices and harm investors. This dual strategy selling on exchanges while withdrawing liquidity suggests a coordinated effort to liquidate holdings profitably.
BubbleMaps and Coffeezilla Collaboration Reveals Previous Plans
Bubblemaps and Coffeezilla (a renowned fraud investigator) previously linked Hayden to short-lived projects like LIBRA and MELANIA. Their earlier investigation revealed his use of pseudonymous wallets to launch tokens, hype them, and exit abruptly. The recent activity aligns with his historical playbook, reinforcing concerns about his involvement in pump-and-dump schemes.
Single-Sided Liquidity and Exchange Transfers
Davis used single-sided liquidity removal, a tactic where a creator withdraws their portion of liquidity from a pool without balancing it. This causes sharp price drops, allowing them to sell remaining tokens at higher pre-crash prices. He also sent large amounts to centralized exchanges (CEXs), likely to offload tokens discreetly. CEXs offer liquidity and anonymity, making them ideal for large sales without alarming decentralized market participants.
Total Extracted Funds and Remaining Holdings
In total, Davis extracted $2.05 million from liquidity pools and moved $1.06 million to exchanges. Notably, some wallets linked to him still hold unsold MELANIA tokens, indicating potential future sales. Investors face risks if these reserves flood the market, further crashing the token’s value.
Why Now and What’s Next
The timing suggests Davis capitalized on reduced scrutiny after initial exposure faded. Bubblemaps speculates he exploited this lull to avoid detection. The team vows continued monitoring, urging investors to stay vigilant. Historical patterns suggest new token launches or renewed selling could follow.
