BlockBeats News, February 19 — Bubblemaps revealed that Hayden Davis, the key figure behind the LIBRA token scam, is actually the second-largest investor in Pump.fun’s private round, having invested a total of 50 million USDC and selling at a total price of $65 million on the first day of listing. Most people remember Pump.fun raising $500 million in a public offering in July 2025, but few recall that they also conducted a private round with several undisclosed investors.
Hayden Davis’s active address received 12.5 billion tokens worth $73 million and an estimated profit of $15 million after investing $50 million when the PUMP token launched. This address had been identified previously, but only now has its actual owner been confirmed. It is currently unknown whether Pump.fun’s official team was aware, but the address is clearly linked on-chain to Hayden Davis and connected through multiple methods.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Jane Street asks Manhattan court to dismiss Terraform insider trading lawsuit
Trading firm Jane Street filed a motion to dismiss in Manhattan federal court on Thursday, seeking dismissal of the insider trading lawsuit brought by Terraform Labs’ bankruptcy administrator, and asking the court to close the case with prejudice and bar Terraform from bringing the same lawsuit again. In its motion, Jane Street argued that the Terraform fraud scheme has already been tried in court and penalized, and that the complaint is internally inconsistent.
MarketWhisper14m ago
Tether Freezes $344M USDt in Compliance with US Authorities
Tether froze over US$344 million in USDt across two Tron network wallets on April 23, 2026, in coordination with US law enforcement and the Office of Foreign Assets Control (OFAC), according to an announcement by the company. The action targeted addresses holding approximately US$213 million and US$
CryptoFrontier23m ago
Spanish Police Seize €400K in Crypto from Illegal Manga Piracy Platform, 3 Arrested
Gate News message, April 24 — Spanish police in Almería seized two cryptocurrency cold wallets containing approximately €400,000 during a raid on the country's largest illegal manga distribution platform. Three individuals were arrested in connection with the operation, which was initiated
GateNews33m ago
OFAC Sanctions Cambodian Senator Over Crypto Scam Network
OFAC Sanctions Cambodian Senator Over Crypto Scam Network
The U.S. Treasury's Office of Foreign Assets Control (OFAC) has sanctioned Cambodian senator Kok An, who is accused of controlling "scam compounds" throughout Cambodia that have defrauded Americans. OFAC designated An and 28 other
CryptoFrontier53m ago
Senator Warren Questions Erebor Crypto Bank Approval Process, Citing Political Concerns
Gate News message, April 24 — U.S. Democratic Senator Elizabeth Warren raised questions about the regulatory approval process for cryptocurrency bank Erebor, citing concerns that the institution obtained a banking license within months. According to a fundraising document obtained by Warren's
GateNews58m ago
