Haciyev Reşit 
New and striking allegations have emerged about Hayden Davis, who previously made headlines in the cryptocurrency market due to the LIBRA token scandal. According to data shared by the on-chain analytics platform Bubblemaps, Davis was identified as the second-largest investor in the private investment round of Pump.fun (PUMP), which drew significant attention in July 2025. This development has reignited debates over Davis’s continued involvement in major projects following the LIBRA fraud allegations.
$50 Million USDC “Secret” Investment
Based on on-chain analysis by Bubblemaps, Hayden Davis participated in Pump.fun’s undisclosed pre-IPO private investment round with a total of 50 million USDC. Following the token launch, Davis was reportedly allocated 12.5 billion PUMP tokens. According to the report, Davis sold these tokens on the launch day, generating approximately $65 million in revenue and securing around $15 million in profit. This situation has strengthened criticism that private round investors gain significant advantages before public offerings. Pump.fun’s July 2025 public sale, which reached approximately $500 million in size, attracted widespread attention. However, the simultaneous private investment round — with undisclosed investors — was unknown to many market participants.
Pump.fun previously stated that the private round was open only to institutional investors. However, questions have emerged within the community regarding how Hayden Davis qualified under that category and how he passed KYC (Know Your Customer) verification. Bubblemaps also revealed that a wallet address previously identified as linked to Davis has now been definitively confirmed. According to the analysis, the wallet is clearly associated with Hayden Davis through multiple on-chain connections. It remains unclear whether Pump.fun’s management was aware of this situation.
The LIBRA Scandal and the Javier Milei Detail
Hayden Davis had previously come under scrutiny in connection with the LIBRA token controversy. In early 2025, Argentine President Javier Milei shared a post about LIBRA on his personal social media account, signaling support for the project. Shortly thereafter, eight wallets linked to the LIBRA team reportedly sold a total of $107 million, resulting in losses for 114,410 investors. Davis was said to have served as an advisor to the LIBRA project, which sparked major debate over the project’s credibility.
Davis’s name has also been associated with the launch of the YZY token in August. Reports claim that he executed aggressive trades around the launch price, allegedly earning approximately $12 million. Although YZY’s market capitalization surged to $3 billion at launch, it later experienced a sharp and one-sided decline. Community leaks suggested that Davis may have played an active role not only in price movements but also in the token’s launch process.
Assessment
On-chain data presented by Bubblemaps indicates that Hayden Davis, previously linked to the LIBRA scandal, was also a key investor in Pump.fun’s (PUMP) private funding round. When considering the LIBRA, PUMP, and YZY incidents together, issues of transparency, private investment rounds, and KYC procedures in the crypto market have once again become central points of discussion. Statements from Pump.fun’s management or other relevant parties in the coming days could determine the direction of this developing story.
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