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
Elizabeth Warren Accuses SEC Chair Paul Atkins of Misleading Congress Over Enforcement Decline
Senator Elizabeth Warren accused SEC Chair Paul Atkins of misleading Congress about enforcement actions' decline. With only 456 new cases in 2025, concerns arise regarding the SEC's effectiveness and the regulatory landscape for cryptocurrency and market oversight.
GateNews18m ago
Sanctioned Exchange Grinex Hit by $13.7M Hack; Blames Foreign Intelligence Services
Grinex, a sanctioned crypto-ruble exchange, has halted operations due to a cyberattack that stole over $13.74 million in USDT. The attack is believed to involve state-level actors aiming to destabilize Russia's financial system. Grinex is cooperating with law enforcement but has no timeline for resuming services.
Coinpedia1h ago
Democratic Senators Question Lax AML Oversight of Major CEX Over $1.7B Iran-Linked Crypto Flows
Democratic senators are scrutinizing the Trump administration's oversight of a cryptocurrency exchange linked to $1.7 billion in Iranian transactions, questioning its AML controls and a lenient bank settlement on sanctions evasion.
GateNews5h ago
Figure Faces Short Seller Accusations Over Blockchain Integration Claims; FIGR Stock Down 53% From January Peak
Figure Technology Solutions faced allegations from Morpheus Research of overstating its blockchain technology use, resulting in a significant drop in share prices. Figure defended its operations, highlighting its digital asset features and strong performance metrics.
GateNews7h ago
Houston Crypto Fraudster Sentenced to 23 Years for $20M Meta-1 Coin Scam
Robert Dunlap, a Houston entrepreneur, was sentenced to 23 years in prison for a $20 million cryptocurrency fraud involving fake assets and deceptive practices, impacting over 1,000 victims. His case reflects a broader rise in crypto-related cybercrimes.
GateNews12h ago
U.S. Senator Blumenthal Pressures DOJ and Treasury Over Major CEX's Iran-Related Fund Flows
U.S. Senator Richard Blumenthal has requested clarification from the DOJ and FinCEN regarding compliance monitors for a major cryptocurrency exchange, amid concerns over compliance failures linked to substantial funds associated with Iran.
GateNews13h ago
