LIBRA Memecoin Creator Launches MELANIA and Claims to Have Sniped Tokens
Kelsier CEO Hayden Davis has launched two memecoins: LIBRA and MELANIA. The LIBRA token was released recently, supported by a now-deleted tweet from Argentina's President Javier Milei, which led to a 95% drop in its value following his backtrack on the project.
Key points:
- LIBRA was sniped by Davis' team upon contract launch.
- Davis claims LIBRA is not a rug pull but a failed plan with $100 million held by him.
- MELANIA, linked to Melania Trump, debuted at a $2.1 billion market cap but is currently at $625 million.
- Davis confirmed involvement in MELANIA and addressed liquidity issues, stating no profits were taken by his team.
- Davis refunded $5 million to Barstool Sports founder Dave Portnoy after his loss on LIBRA.
- Concerns of insider trading were raised due to Portnoy’s early knowledge of the project, which Davis refuted.