Hayden Davis affirmed that LIBRA is not an intentional fraud, but a plan that has gone awry at the "presidential level".
Shocking interview with the "insider" of the memecoin LIBRA
After the shocking scandals of the LIBRA memecoin in the past few days, the cryptocurrency community is still stunned by the related developments. In the context of public opinion increasingly turbulent with allegations of insider trading, market manipulation and the withdrawal of Argentine President Javier Milei, Hayden Davis - a representative of Kelsier Ventures and also the central figure of the case - has had an exclusive interview with YouTuber Coffeezilla, where he made a series of shocking statements.
In more than an hour of confrontation, Davis did not hesitate to make a series of shocking statements: admitting that his team had self-sniped the LIBRA token, harshly criticizing Solana as a "gambling den" and even declaring that crypto is a zero-sum game, where no one really creates value, but everything revolves around making profits from latecomers.
The project carried out self-sniping to "block other snipers", not considering this as wrongdoing
From the beginning of the interview, Hayden Davis frankly admitted that the development team had self-sniped LIBRA as soon as the token was listed, but did not consider this as wrongdoing. On the contrary, he affirmed that this was a necessary strategy to protect the project from being manipulated by professional snipers.
0:38 pic.twitter.com/oTZLbGu0Ea
— Dyme (@CryptoParadyme) February 17, 2025
According to Davis, if the team did not take action first, sniping Bits would take over the project, causing the team to lose control from the very first minutes.
"Professional snipers are always lurking to buy in as soon as the Token is launched, then dump massively when they make a profit, causing the price to plummet. We had to take a step ahead - control the Liquidation from the beginning to avoid being drained by outsiders."
However, the plan did not stop there. Davis revealed that the LIBRA operating team had prepared a complete scenario to create a FOMO wave, in which President Milei and KOLs would continue to promote the project, encouraging investors to pour money in. When the price reaches a certain threshold, the Liquidation previously withdrawn from the outside snipers will be pumped back, creating the impression that the market is still stable and developing sustainably. He said:
"The plan is to take control of enough Liquidation right away, then let President Milei and KOLs promote LIBRA to attract more capital inflows. When the snipers start dumping, the Token will not free-fall because we still hold enough Liquidation to intervene, pump it back and maintain the uptrend."
Davis described this as a strategy to control the memecoin market, but in essence, this act is no different from an organized insider trading process. The fact that the project team held the right to buy before the Token launch means that outside investors did not have a fair chance to access the price, but had to buy at a level manipulated by the insiders.
And that is the true face of the LIBRA memecoin - a well-planned pump & dump scheme, where the in-house team has full control of the game, manipulating the price at will, while the community is pushed into buying at distorted price levels. LIBRA is not a failed project, but from the beginning it has been designed as an organized manipulation scheme, where the orchestrators reap huge profits, while small investors are just pawns caught in a pre-arranged game.
Not only stopping at LIBRA, Hayden Davis also revealed that he had participated in sniping during the launch of the Melania Token - a strategy that he considers "completely reasonable". Davis admitted that he had bought in early, but quickly justified that his team did not profiteer because they did not withdraw the Liquidation, but only sold the Tokens they had accumulated earlier, fairly like any other investor.
Insider trading is the "unspoken rule" of the market
When questioned about transparency in memecoin deals, Hayden Davis seemed unconcerned about allegations of insider trading, even seeing it as an obvious part of the crypto market. Davis bluntly refuted:
"Insider trading is just a silly thing to me. In crypto, people only get angry when they're not the on-chain geniuses."
According to him, insider trading is not a problem, but an unspoken rule that anyone who wants to stay in this industry must accept. Davis even affirmed:
"Insider trading in memecoins is not illegal, and in fact, all KOLs around the world make money that way."
These statements not only legitimize profiting from inside information, but also reveal the mindset of those behind the memecoin boom: this game is not for the weak, and if you don't have an advantage, you are the prey.
In addition, Hayden Davis also admitted that he used personal funds to compensate Dave Portnoy, the founder of Barstool Sports, after Portnoy bought LIBRA just 10 minutes after launch and lost everything.
However, this move raises a big question: Is this not simply a compensation, but also a tacit agreement to keep Portnoy silent about the LIBRA case? The fact that a refund is made to an influential figure like Portnoy, while thousands of other investors suffer losses, further raises suspicions about the level of manipulation and the relationships behind the collapse of LIBRA.
Crypto is a zero-sum game, everything is just profiting from others
In addition to defending his decision to self-snipe, Davis also made a strongly critical statement about the entire cryptocurrency industry.
"Crypto is a zero-sum game. Nothing has any value. Whether it's a utility coin or a memecoin, they're all just garbage.
— Dyme (@CryptoParadyme) February 17, 2025
Davis believes that no project truly creates long-term value, even Bitcoin. He views the entire crypto market as a giant casino, where participants only try to extract value from each other without any real innovation or contribution to the real economy.
Not only that, Davis also emphasizes that even the best people in crypto cannot find a "clean" way to make money in this field.
"The best people in crypto don't have an answer on how to make money in a 'clean' way from crypto."
Coffeezilla immediately refutes this, arguing that crypto still has practical value, especially in the current financial and technological fields. However, Davis firmly maintains his view that even Bitcoin or any crypto project is just a zero-sum game, where everything is manipulated by larger forces. He completely rejects concepts such as tokenomics, burn-mint mechanisms, or any applications that crypto projects offer, calling them just "pie in the sky" tricks.
With this statement, Davis not only denies the value of the entire crypto industry but also implicitly acknowledges the true nature of the market as a speculative and profit-seeking vortex, where those with insider information, the ability to snipe tokens early, and early access always have the upper hand.
Plan for the $100 million withdrawn from LIBRA
Hayden Davis confirms that he currently controls the entire sum of over $100 million withdrawn from LIBRA's liquidity. However, he has not yet made a final decision on how to use this money. Davis reveals that there is a force behind the scenes threatening his and his family's lives, warning that if he transfers this money to a third party, the consequences will be unimaginable.
Incredible pic.twitter.com/k7Guonb7SB
— Dyme (@CryptoParadyme) February 17, 2025
In addition, Davis claims that LIBRA has completely ruined his reputation, but denies the accusation that this was an intentional fraud. Instead, he believes that LIBRA was a plan that went awry at the "presidential level", an unfortunate incident rather than a deliberate manipulation.
Davis is considering three options to handle the above money:
- Donate the entire amount to a non-profit organization in Argentina and leave the market.
- Refund the money to the affected investors based on certain criteria. However, Davis acknowledges that he has been advised not to do this, as determining who should be refunded is almost impossible.
- Pump the money back into LIBRA or another project to create new liquidity.
Davis says he does not have a specific timeline for this decision and admits that his safety now depends entirely on the $100 million he holds, and he may not be out of danger until the President of Argentina and Milei's team provide an official response within the next 48 hours.
Currently, the only thing protecting Davis is this money, because once it is disbursed, he will lose his last line of defense against the forces targeting him.
Revelations about insider trading in the TRUMP memecoin
When asked about what is really happening inside the political memecoins, Hayden Davis does not avoid the topic and directly addresses the example of the TRUMP memecoin. He emphasizes that from the moment of its launch, TRUMP had insider trading.
Uh oh
— Dyme (@CryptoParadyme) February 17, 2025
Trump just got pulled in badly. pic.twitter.com/stGH8PExOr
Initially, Coffeezilla thought this was just another token snipe. However, Davis makes a shocking revelation that surprises even Coffeezilla.
"With the TRUMP Coin, over $500 million was bought in right from the start. But it wasn't snipers, it was people who attended a private party, where they received special pre-market buying rights."
This information is equivalent to the TRUMP memecoin being a large-scale insider trading deal. The attendees of that party were not ordinary retail investors or venture capital funds, but powerful individuals with close ties to the development team, who were granted pre-market buying rights at a much lower price than the rest of the market.
This continues to establish an undeniable reality: political memecoins are not a free market game, but an organized pump-and-dump scheme, where power lies in the hands of a small group of hidden forces.
Looking from LIBRA to TRUMP Coin, it is clear that political memecoins are just a pre-arranged card game, where the insiders always win, and outside investors are just pawns in a perfectly staged drama.
Compiled by Coin68
