In a recent interview with Coffeezilla, cryptocurrency launch strategist Hayden Davis broke his silence on the controversial LIBRA crypto launch and confirmed his involvement in the MELANIA token project.
Davis, who currently controls approximately $100 million in funds from the LIBRA crypto launch, shared details about the mechanics of high-profile meme coin launches, including project sniping practices and insider trading dynamics.
Davis mentioned his role as LIBRA crypto launch strategist
In his conversation with the YouTuber, Davis detailed his role as a “launch strategist” rather than the primary team member of LIBRA. He mentioned that Kit Protocol was meant to manage the project’s funds. The interview revealed that Davis now holds $100 million in project funds without clear direction from either President Milei or the project team.
Davis explained that LIBRA crypto’s original plan involved multiple marketing phases, including additional promotional videos from President Milei. The strategy included removing liquidity to control early traders and snipers, with plans to reinject capital later to create “a mega Trump launch.”
The interview revealed that Davis faces various threats due to his control of the funds, complicating potential solutions. He shared several options for the $100 million, including refunds to investors, reinjection into the trading chart, or donation to Argentine nonprofits, though each path presents challenges.
Davis confirms involvement with MELANIA launch
In a surprising admission to Coffeezilla, Davis confirmed his involvement in the MELANIA token launch, marking the first public confirmation of his role in the project. He revealed that while the team attempted to snipe the token’s launch to prevent large traders from accumulating positions, they “weren’t the big sniper” and didn’t extract liquidity from the project.
The discussion exposed common practices in high-profile meme coin launches, with Davis explaining how teams often engage in strategic sniping to protect projects from external traders.
He described a complex ecosystem where launch teams compete against “expert snipers” capable of acquiring millions in tokens within seconds of launch. These snipers, according to Davis, can accumulate positions worth $50-57 million at launch, forcing teams to make real-time decisions about liquidity management.
Davis also shed light on the scale of insider participation in major launches, referencing the Trump token’s pre-launch activities, where he claimed certain individuals received special access to buy tokens at a $500 million valuation during a private dinner in Washington, DC.
Meme coin market is an unregulated casino
The interview exposed fundamental issues in cryptocurrency launch mechanics that extend beyond individual projects. Davis described meme coin markets as “an unregulated casino” where insiders consistently maintain advantages, suggesting retail traders should limit exposure to no more than 10% of their investment capital.
Davis expressed frustration with major cryptocurrency platforms, criticizing exchanges like “Pump.Fun, Meteora, Jupiter, and BullX” for profiting from trading fees regardless of project outcomes.
He argued these platforms should implement refund policies for clear cases of market manipulation, though he acknowledged the complexity of defining such cases.
