The key figure in the LIBRA Scam was Pump.fun's private sale second largest investor, profiting approximately $15 million from it

BlockBeats News, February 19, Bubblemaps revealed that Hayden Davis, a key figure in the LIBRA token scam, was actually the second largest investor in Pump.fun's private sale round, with a total investment of 50 million USDC, and sold it for a total price of 65 million US dollars on the first day of listing. Most people remember Pump.fun's $500 million public fundraising in July 2025, but few remember that they also had a private fundraising round with several undisclosed investors.

After investing $50 million, Hayden Davis's active address received 12.5 billion tokens when the PUMP token went live, worth $73 million, with an expected profit of $15 million. This address had been found before, but the actual owner was not confirmed until now. It is currently unknown whether the Pump.fun team is aware, but the address is clearly associated with Hayden Davis on-chain and in various other ways. Pump.fun previously stated that this round was for institutional investors only, sparking community questions about how Hayden Davis qualified and passed KYC.

In early 2025, Argentine President Mile promoted the LIBRA token on his personal social media account, following which 8 wallets associated with the LIBRA team cashed out $107 million, causing losses to 114,410 investor wallets, with Hayden Davis serving as a LIBRA project advisor.

In August last year, Hayden Davis also made $12 million by sniping the YZY token's listing. After the YZY listing surged to a market cap of $3 billion, it started a one-way downtrend. According to community revelations, Hayden Davis not only participated as a sniper at the listing but also was involved in the YZY token launch.