Quick Highlights
- Hayden Davis earned ~$12M from YZY, which launched on Aug 21 with Kanye West’s backing.
- Davis’s wallets bought YZY within a minute of its announcement, per Bubblemaps.
- He’s also linked to LIBRA, MELANIA, and WOLF coins — all with controversial histories.
YZY Coin Linked to Kanye West Sparks Controversy as LIBRA Co-Founder Reportedly Nets $12M
LIBRA co-founder Hayden Davis has reportedly earned around $12 million from trading YZY, a memecoin associated with rapper Kanye West (Ye), according to a detailed analysis by blockchain analytics firm Bubblemaps.
The YZY token launched on August 21, 2025, and immediately stirred controversy due to its insider-heavy tokenomics and massive early gains made by unidentified wallets. Experts now say that some of those wallets may be linked to Davis—who already has a controversial history in the crypto space.
Who Is Hayden Davis and What’s His Crypto Track Record?
Davis is best known for his role in the LIBRA project, which was previously linked to Argentine President Javier Milei. The project drew headlines after allegations of mismanagement and connections to more than 20 hacks involving crypto theft in August 2023.
Davis has also been connected to other celebrity-linked tokens, including the MELANIA and WOLF coins.
In late August, a U.S. court unfroze 57.6 million USDC, restoring access to funds held by Davis and Meteora co-founder Ben Chow, both of whom were involved in promoting LIBRA.
Insider Activity? Bubblemaps Connects the Dots
According to Bubblemaps, multiple wallets received significant sums from centralized crypto exchanges just one day before the YZY token launch. After tracing the transfers, analysts discovered a cluster of wallets that appear to be connected to Davis through over-the-counter deals, shared deposits, and token sales.
Although Bubblemaps cannot definitively say Davis was an insider, they reported that his wallet began buying YZY tokens just one minute after the official launch. The estimated net profit? $12 million.
Some community members even speculate that Davis was directly behind the creation of the token. While Bubblemaps says it can’t confirm that, it notes that the investigation is ongoing.
Source: https://coinpaper.com/10723/libra-co-founder-hayden-davis-linked-to-12-m-in-kanye-west-s-yzy-token
