Kelsier CEO Hayden Davis, the brains behind the controversial Vibra Memecoin, said he also launched Melania Memecoin and that his team sniped both tokens as soon as the contract’s addresses went live.
The weight was released on Friday and triggered a now-plated tweet on support from Argentina’s President Javier Milei and said it would support small and medium-sized businesses in the country. His backtracking on the project got a 95% jump in token value.
Sniping is when people use bots to buy Memecoin’s seconds after the smart contract goes live. Wallets that snipe funds are often the ones that end up with most of the profits.
The token was “not a carpet,” Davis insisted in an interview with Krypto -Fidus Hunter Coffeezilla. “It’s just a plan that has gone miserably wrong with $ 100 million sitting in an account for which I am custody.”
Profit obtained by Melania -Liquidity
It turns out that this is not Davis’ first rodeo. He also had a role in the launch of Melania Memecoin, associated with American First Lady Melania Trump.
“I’m glad to share the truth. You ask a question that will put me in a lot of danger, but I will answer it,” Davis said when asked about Melania. “I was part of it. I think the team would snip it because how big the snip was on Trumps [memecoin]. We were definitely not the big sniper. There was no money earned from the Melania team, we did not take out any liquidity, zero. “
Davis seemed to be contrary to himself shortly after being confronted with on-chain data: “We did not change liquidity [but] I did not say that no money was sold. There is a difference between swapping liquidity and selling liquidations. “
Melania is currently trading with a market growth of $ 625 million after debut of $ 2.1 billion on January 20.
Refunds … for insiders
The controversy around the weight continued when Davis sent barstolle sports founder Dave Portnoy a $ 5 million a refund after Portnoy lost money on the weight.
In a conversation with Coffeezilla, Portnoy said he knew about the project for weeks before launch and that he bought the tokens 10 minutes after Mileis Tweet.
This portnoy knew weight so early and that he received a refund afterwards raises the ghost of insider trading. But Davis dismissed that idea.
“The idea of insiders is always rubbish because any memcoin I have ever known or invested in or been part of, the people who benefit are the people who know … people who structure the deal.
“[It’s] similar to any other business in the world. So I think it’s a bit of bullshit and it’s just crypto people who are angry because there is an unreasonable advantage. “
Coindesk contacted Davis and Portnoy for comment, but had not heard back upon publication time.
