Hayden Davis, the controversial creator behind the collapsed LIBRA meme coin, has resurfaced with significant trading losses after a period of on-chain inactivity, according to a new report from blockchain analytics firm Bubblemaps. The update, released a year after Bubblemaps first detailed the mechanics of the LIBRA collapse, tracks Davis's renewed activity and reveals he is down roughly $3 million after trading multiple Solana-based meme coins.
From Profits to Losses: Bubblemaps' latest findings show that after largely disappearing following their August 2025 investigation—which revealed Davis made millions by sniping Kanye West's YZY token at launch—new wallets within the same cluster linked to him became active again this year. Over the past 30 days, several large transfers were identified into a deposit address labeled CPGZ1i, leading to six active wallets under Davis's cluster.
Deep in the Red: Transaction analysis indicates Davis was trading as recently as five days ago, focusing primarily on trending Solana meme coins. Unlike his previous profitable episodes, the majority of these trades were unprofitable. Bubblemaps estimated his losses at approximately $2.5 million on PUMP, $100,000 on PENGUIN, $29,000 on KABUTO, with smaller losses on tokens like LOUD and BAGWORK. He also traded TROVE.
Context of a Comeback: This activity shows Davis did not exit the market after the LIBRA collapse, which Bubblemaps' earlier report linked to over $100 million in insider profits from coordinated sniping and cash-outs. His return follows a judge unfreezing $57 million of his personal assets. Despite maintaining a solid financial position and receiving a sizable MET airdrop, his recent speculative momentum has been wiped out by the volatility on the Solana network.
The case illustrates the high risks even major players face in the meme coin sector, with market sentiment shifts leading to significant financial lessons.
