Kanye’s Coin Scandal: $12M in Alleged Sniping Profits

Onchain analytics platform Bubblemaps has uncovered evidence suggesting crypto figure Hayden Davis, also known as Kelsier, may have orchestrated a coordinated snipe of the newly launched $YZY token. The alleged scheme reportedly generated $12 million in profits, marking another controversial chapter in celebrity-linked crypto ventures.

Fourteen wallets linked to Davis became active immediately before the $YZY launch, funded through centralized exchanges just one day prior. Bubblemaps' forensic analysis traces these funds through CCTP transfers and shared deposits, forming a clear onchain paper trail. The wallets collectively captured $12 million in value within sixty seconds of the token's debut.

This incident follows a pattern of similar activity. Davis has been previously connected to the MELANIA and LIBRA token launches, with the latter involving $57 million in unfrozen USDC from the collapsed LIBRA project. While Bubblemaps stops short of confirming insider information, their visualization tools demonstrate precise timing and preparation that suggest more than coincidental market participation.