This article was prepared using automated systems that process publicly available information. It may contain inaccuracies or omissions and is provided for informational purposes only. Nothing herein constitutes financial, investment, legal, or tax advice.
Blockchain analytics firm Bubblemaps has alleged that Hayden Davis coordinated a sophisticated sniping operation on Kanye West’s YZY token, generating $12 million in profits through 14 connected wallets. The investigation reveals patterns similar to Davis’s previous involvement in controversial token launches. The YZY token subsequently collapsed over 90% from its peak valuation near $3 billion.
- 14 interconnected wallets purchased YZY tokens starting just one minute after launch announcement, with funding traced to centralized exchanges
- $57.6 million in previously frozen funds from LIBRA token scandal were unfrozen days before YZY launch, giving Davis access to capital
- YZY token collapsed over 90% from its peak $3 billion valuation, with 94% of initial supply allegedly controlled by insiders
📎 Related coverage from: cryptoslate.com
Other Tags: USDC, Ben Chow, Conor Grogan, Hayden Davis, Kanye West, Melania, Bubblemaps, CryptoSlate, Libra