A 12 months after Bubblemaps first detailed the on-chain mechanics behind the LIBRA meme coin collapse, the blockchain analytics agency has launched a brand new replace monitoring the renewed buying and selling exercise of the venture creator Hayden Davis.
This time, it has highlighted vital buying and selling losses relatively than insider features.
From Insider Wins to Meme Coin Losses
In response to Bubblemaps’ newest findings, Davis has resumed on-chain exercise after a interval of pockets inactivity, however is now down roughly $3 million after buying and selling a number of Solana-based meme cash, equivalent to PUMP, TROVE, and PENGUIN.
The replace acknowledged that Davis had largely disappeared from on-chain buying and selling following Bubblemaps’ August 2025 investigation, which confirmed he had made tens of millions by sniping the hip-hop star Kanye West’s YZY token shortly after launch. After these earnings, the wallets linked to him went dormant.
Nevertheless, Bubblemaps experiences that new wallets inside the similar cluster have grow to be energetic once more this 12 months. In truth, over the previous 30 days, the agency recognized a number of giant transfers right into a deposit tackle linked to Davis, labeled CPGZ1i, which finally led to 6 energetic wallets underneath the identical cluster.
Transaction evaluation additional indicated that Davis was buying and selling as not too long ago as 5 days in the past and centered totally on trending Solana meme cash. Not like earlier episodes, nearly all of these trades have been unprofitable. Bubblemaps estimated losses of roughly $2.5 million on PUMP, $100,000 on PENGUIN, $29,000 on KABUTO, and smaller losses on tokens equivalent to LOUD and BAGWORK.
LIBRA Fallout Didn’t Finish It
The findings present Davis didn’t exit the market following the LIBRA collapse, which had beforehand been linked to over $100 million in insider earnings, in keeping with Bubblemaps’ report printed precisely a 12 months earlier. That earlier investigation mapped a community of wallets related to LIBRA and MELANIA token launches, and demonstrated coordinated sniping exercise, cross-chain fund transfers, and fast cash-outs tied to addresses related to Davis and associated entities.
On Monday’s replace, Bubblemaps noticed that as a substitute of disappearing, Davis’ monetary place advanced in different methods. As an example, a decide unfroze $57 million of his property, he continued to generate earnings by opportunistic trades equivalent to YZY, and he acquired a large MET airdrop. The most recent information now exhibits Davis participating in routine on-chain buying and selling exercise once more.
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