Hayden Davis Allegedly Nets $12M from Kanye West’s YZY Token Sniping Operation

Blockchain analytics firm Bubblemaps has uncovered evidence linking Hayden Davis, a controversial figure in crypto token launches, to a $12 million profit from sniping Kanye West's YZY memecoin. The operation involved 14 pre-funded wallets executing coordinated buys within minutes of the token's launch.

Davis, who operates under the pseudonym 'Kelsier,' reportedly turned a $2.8 million initial stake into massive profits using tactics reminiscent of previous controversial projects like LIBRA and the Melania TRUMP token. The timing of transactions and fund movements has raised questions about potential insider advantages.

While the YZY team's connection to Davis remains unclear, the sniping operation's precision suggests sophisticated coordination. Such incidents highlight the unregulated nature of memecoin launches, where well-positioned actors can extract significant value before retail investors participate.