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
Kalshi Fines Three US Congressional Candidates for Self-Campaign Wagering
Prediction markets platform Kalshi has fined and suspended three US congressional candidates for wagering on the outcomes of their own campaigns, as the company steps up enforcement of insider trading controls. The enforcement actions target Mark Moran (Virginia Senate candidate), Matt Klein (Minnes
CryptoFrontier27m ago
Believe Founder Benjamin Pasternak Arrested on Strangulation and Assault Charges
Gate News message, April 23 — Benjamin Pasternak, 26-year-old founder of the Solana-based SocialFi platform Believe, was arrested on Tuesday (April 22) on charges of second-degree strangulation and two counts of third-degree assault with intent to cause physical injury, according to New York
GateNews3h ago
UK FCA raids eight P2P crypto trading venues in London, issues a stop order
On April 22, the UK Financial Conduct Authority (FCA) announced that its enforcement team, together with Her Majesty’s Revenue and Customs (HMRC) and the Southwest Regional Organized Crime Unit (SWROCU), conducted raids on eight suspected illegal peer-to-peer (P2P) cryptocurrency trading venues in London on April 21, issuing stop orders at each location. The FCA confirmed that there are currently no legally registered P2P crypto platforms in the UK.
MarketWhisper4h ago
China Investment Guarantee Issues Statement Denying Unauthorized Use of Name in Fake Financial Products
Gate News message, April 23 — China Investment Guarantee (CITIC Guarantee) issued a statement on April 23 clarifying that unauthorized individuals have falsely claimed the company is partnering with Nippon Life India Asset Management (Singapore) Pte. Ltd., commonly known as NAMS, and is
GateNews5h ago
Believe founder Benjamin Pasternak arrested on suspicion of second-degree strangulation
According to publicly available records from the New York Criminal Court on April 23, Solana ecosystem application Believe founder Benjamin Pasternak was arrested in New York on April 22. He is charged with one second-degree strangulation count and two counts of assault with intent to cause bodily injury. The case is scheduled to be heard at the New York Criminal Court on June 11. Pasternak has pleaded not guilty to all of the charges mentioned above.
MarketWhisper8h ago
New York Governor Hochul signs an executive order restricting state government employees from “insider trading in prediction markets”
New York Governor Kathy Hochul signed an executive order on Wednesday, April 22, barring state officials and employees from using nonpublic information obtained through their positions to place bets in prediction markets, or from assisting any third party in engaging in the foregoing conduct. On the same day, prediction market platform Kalshi announced that it had completed an internal investigation into three political candidates who placed bets in their own campaign activities, and imposed fines and suspensions on them.
MarketWhisper8h ago
