Hayden Davis, founder of Kelsier, is actively selling MELANIA tokens. Davis has transferred over a million dollars worth of MELANIA tokens to exchanges, yet a majority of the tokens remain in his accounts.
Current Actions by Davis with MELANIA Tokens
Over the past 14 days, Davis has transferred approximately $1,065,153 worth of MELANIA to centralized exchanges and withdrawn $2,050,666 from the liquidity pool. Despite these sales, significant amounts of MELANIA remain in Davis's various wallets.
Accusations by Chaofan Shou
Solayer developer Chaofan Shou had previously alleged that a scam group, including Hayden Mark Davis of Kelsier Ventures, was behind the launch of the LIBRA token. According to Shou, Kelsier Ventures and its market-making partner were key figures in the creation of several tokens, including MELANIA, ENRON, BOB, RAG, M3M3, and OGME.
Whales' Issues with TRUMP Tokens
Meanwhile, a major market player has suffered significant losses while trading TRUMP tokens. On-chain data shows that the wallet tagged 'EwkH5' traded 700,000 TRUMP for $7.58 million, losing $2.58 million in the process.
The ongoing situation with MELANIA and TRUMP tokens highlights the complexities of the crypto market and demonstrates the risky behavior of some large players.
