Kelsier CEO Hayden Davis, the brains behind the controversial LIBRA memecoin, said he also launched the MELANIA memecoin and that his team sniped both tokens as soon as the contract addresses went live.
LIBRA was released on Friday, sparking a now-deleted tweet of support from Argentina’s President Javier Milei saying it would support small and mid-sized businesses in the country. His backtracking on the project prompted a 95% plunge in the token’s value.
Sniping is when people use bots to buy memecoins seconds after the smart contract goes live. Wallets that snipe funds are often those that end up with the majority of profit.
The token was “not a rug pull,” Davis insisted in an interview with crypto scam hunter Coffeezilla. “It’s just a plan gone miserably wrong with $100 million sitting in an account that I’m the custodian of.”
Profit made from MELANIA liquidity
It turns out this isn’t Davis’ first rodeo. He also had a part in
