Onchain analytics platform Bubblemaps has published an investigation suggesting that crypto figure Hayden Davis, also known as Kelsier, may have been involved in the $YZY token scandal, allegedly generating $12 million in profits.
Bubblemaps' Findings on $YZY
In a thread shared on X, Bubblemaps outlined how a cluster of wallets tied to Davis became active immediately before the $YZY launch. The firm states that the addresses were funded from centralized exchanges the day prior, then funneled through CCTP transfers and other shared deposits linking back to Davis.
Suspicious Funds and Linked Wallets
According to Bubblemaps' visualizations, 14 wallets sniped $YZY within one minute of its launch announcement. Collectively, these wallets realized $12 million in profits. The platform stressed it cannot confirm whether Davis had insider information or a direct connection to the YZY team, but said the onchain evidence strongly indicates preparation ahead of the launch.
Previous Allegations Against Hayden Davis
Bubblemaps also noted that this is not the first time Davis has been associated with controversial launches. The analytics firm has previously linked him to MELANIA and LIBRA, two tokens that collapsed after initial hype. In its latest report, Bubblemaps concluded that Davis' alleged involvement in $YZY fits the same pattern: rapid funding, aggressive sniping, and outsized profits.
For now, Davis has not publicly responded to the allegations, and the $YZY team has remained silent.
