Bubblemaps revealed that Hayden Davis, the founder of Kelsier, is still actively selling MELANIA tokens.
In the past 14 days, Davis transferred approximately $1,065,153 worth of MELANIA to centralized exchanges while withdrawing $2,050,666 from the liquidity pool. Despite these sales, there is still a significant amount of MELANIA in various wallets that has not been liquidated.
This development follows earlier claims by Solayer developer Chaofan Shou that a fraudulent group was operating behind the issuance of the LIBRA token. According to Shou, this token was launched through issuance advisor Hayden Mark Davis from Kelsier Ventures, and market making was done by an Indian company. Shou also claimed that Kelsier Ventures and its market-making partner were key figures behind a number of tokens, including MELANIA, ENRON, BOB, RAG, M3M3 and OGME, some of which are linked to First Lady Melania Trump.
Meanwhile, a large whale suffered significant losses during the trading of TRUMP tokens. On-chain data shows that the wallet labeled ‘EwkH5’ exchanged 700,000 TRUMP for $7.58 million five hours ago and incurred a loss of $2.58 million from the transaction. This was not the whale’s first misstep; previous transactions on TRUMP collectively resulted in an estimated loss of $10.73 million.
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