Blockchain analytics agency Bubblemaps has linked controversial meme coin insider Hayden Davis to one of many largest non-public allocations of Pump.enjoyable’s PUMP token.
The agency discovered {that a} pockets attributed to Davis invested $50 million USDC within the non-public sale and acquired 12.5 billion PUMP tokens at launch. These tokens had been value about $73 million on the time.
How a Prime Insider Cashed Out Thousands and thousands From Pump.enjoyable
Nevertheless, the pockets rapidly moved roughly 80% of the tokens to centralized exchanges inside days of the launch.
The remaining tokens had been progressively bought over time. Bubblemaps estimates Davis made about $15 million in revenue from the commerce.
This discovery reveals that Davis was not only a dealer within the Pump.enjoyable ecosystem however one in every of its largest early institutional buyers.
His allocation made him the second-largest non-public purchaser of the PUMP token. Non-public sale buyers usually obtain discounted costs, giving them a bonus over public consumers.
Because of this, Davis seemingly secured income early, whereas retail buyers confronted volatility later. The PUMP token initially surged after its July 2025 ICO however has since fallen about 75% from its peak. This sample displays the broader meme coin cycle, the place insiders usually exit early.
How Hayden Davis Trades A number of Meme Cash, Together with PUMP and PENGU. Supply: X/Bubblemaps
In the meantime, Davis already has a controversial status within the crypto trade. He serves as CEO of Kelsier Ventures, a crypto agency tied to a number of meme coin launches and scandals.
He grew to become extensively identified for his position within the LIBRA token, which surged above $4 billion in market worth after promotion by Argentine President Javier Milei however collapsed inside hours.
Authorities later froze wallets and belongings linked to Davis throughout fraud investigations. Argentine prosecutors even sought an Interpol Purple Discover, citing considerations that he may flee.
Moreover, Davis admitted he helped launch a number of celebrity-linked tokens, together with MELANIA and others related to political branding.
Blockchain investigators have linked his wallets to repeated patterns of early insider allocations and fast sell-offs after launch hype.
Now, the Bubblemaps findings counsel Davis additionally operated as a significant insider investor in Pump.enjoyable itself. This expands his position from meme coin creator to launchpad-level whale.
Finally, the case highlights ongoing considerations about insider entry and revenue extraction in crypto token launches.
Regulators and buyers proceed to scrutinize how non-public allocations form market outcomes lengthy after the preliminary hype fades.
