In a startling revelation, Hayden Davis, previously associated with the fraudulent LIBRA token scheme, has surfaced as a significant investor in another altcoin, PumpFun. This news comes from the cryptocurrency analysis platform Bubblemaps, which disclosed that Davis was the second-largest participant in a private funding round prior to the much-anticipated PumpFun IPO in July 2025.
According to Bubblemaps” analysis of on-chain data, Davis invested a total of 50 million USDC in the private funding round, resulting in an allocation of 12.5 billion PUMP tokens following the token launch. His swift actions on launch day reportedly yielded around $65 million in revenue, with a profit estimated at $15 million from token sales.
While the public may recall the PumpFun IPO, which amassed roughly $500 million, the private funding round that preceded it has drawn less attention. Initially, PumpFun stated that this round was exclusive to institutional investors, raising questions about how Davis qualified and passed the necessary KYC checks.
In addition to his recent activities, Davis”s history is marked by controversy. He was previously linked to the LIBRA token, which faced scrutiny after Argentine President Javier Milei endorsed it on social media. Subsequently, it was revealed that eight wallets connected to the LIBRA team conducted sales totaling $107 million, resulting in significant losses for over 114,000 investors. Davis is reported to have served as an advisor on the LIBRA project.
Moreover, Davis”s name has surfaced in connection with another contentious event involving the YZY token, where he allegedly profited approximately $12 million from aggressive trading at its launch price. Despite the YZY token achieving a market capitalization of $3 billion upon launch, it soon faced a steep decline. Leaked community information suggests that Davis not only influenced the opening price but also played an active role in the launch process.
The extent of the implications surrounding Davis”s investments and affiliations continues to unfold, leaving the cryptocurrency community with lingering questions about transparency and regulatory compliance within the space.
