Hayden Davis, one of the founders of the LIBRA project, has earned approximately $12 million in net profit from transactions involving the YZY meme coin, which is associated with the famous rapper Kanye West (Ye). This information was released by experts from the analytical platform Bubblemaps.
This is reported by Business • Media
“According to Bubblemaps, Davis is linked to a cluster of 14 addresses that began purchasing the asset just a minute after the announcement.”
Details of Davis’s Activities and Connections to Other Tokens
Experts from Bubblemaps have identified that Davis is connected to a group of 14 crypto wallets that started buying YZY tokens almost immediately after the official launch of the coin on August 21, 2025. This quick reaction and the significant volume of acquired assets allowed Davis to achieve multimillion-dollar profits.
It is known that Hayden Davis is a figure who has already attracted market attention through his work on the LIBRA project, which was even linked to the President of Argentina, Javier Milei. Subsequently, information emerged regarding Davis’s involvement in the launch of the MELANIA token and the new asset WOLF. Additionally, at the end of August, a U.S. court unblocked $57.6 million in USDC, granting Davis and his partner Ben Chow from Meteora access to these funds following an investigation into the LIBRA collapse.
Features of the YZY Launch and Expert Conclusions
The YZY meme coin was introduced on August 21, 2025, and immediately became the focus of intense attention due to its tokenomics and high insider activity. According to analysts, insiders managed to earn around $24 million through early transactions.
Experts from Bubblemaps established that large sums were transferred to several addresses from centralized crypto exchanges in the lead-up to the YZY launch. A thorough analysis of the transfers revealed connections between these wallets and Hayden Davis, particularly through sales, over-the-counter transactions, and joint deposits.
Despite this, Bubblemaps emphasizes that they cannot definitively confirm Davis’s status as an insider. They note that the wallets associated with him began purchasing YZY almost instantaneously after the announcement. As a result, Davis was able to achieve approximately $12 million in net profit from transactions involving this asset.
In comments on the investigation, some users speculated that Davis might have been behind the YZY launch. Meanwhile, Bubblemaps stated that they cannot yet confirm this information, and the investigation is ongoing.