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LIBRA and MELANIA Creator Begins Asset Sell-Off

LIBRA and MELANIA Creator Begins Asset Sell-Off

Hayden Davis, the entrepreneur involved in the launch of meme coins LIBRA and MELANIA, is selling his tokens after a period of inactivity, according to analysts at Bubblemaps.

In mid-March, the entrepreneur’s wallets began selling MELANIA tokens under conditions of unilateral liquidity. Davis took a similar approach when selling LIBRA, directing about 4.5 million tokens to the Kraken and MEXC exchanges.

LIBRA and MELANIA Creator Begins Asset Sell-Off
Data: X.

Experts estimate that in the past two weeks, Davis has moved about $1 million in MELANIA tokens to centralized exchanges and extracted around $2 million from the liquidity pool. “Many” of his wallets still hold unsold assets.

Earlier, Bubblemaps specialists noted that Davis continued to launch tokens despite the potential for an international warrant.

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