A year after Bubblemaps highlighted the mechanisms behind the LIBRA meme coin’s downfall, an update shows Hayden Davis resuming his on-chain trading, but this time, with substantial losses reaching nearly $3 million due to his recent investments in Solana meme coins.

From Profits to Losses

Bubblemaps’ findings indicate that despite a reemergence of trading activity from Davis, he has incurred approximately $3 million in losses from several Solana-based meme coins, including PUMP, TROVE, and PENGUIN. Earlier analyses revealed that he had ceased extensive trading after significant profits from utilizing the YZY token linked to Kanye West.

Notable Trading Losses

Recent transaction data suggests Davis has been trading actively for just over 30 days, with many trades failing to yield positive returns. Losses of around $2.5 million from PUMP and smaller losses elsewhere illustrate his struggles in the current market.

Marketplace Persistence

Davis did not exit the cryptocurrency space following the LIBRA collapse, which had been associated with major insider profits. Recent reports underline his involvement in active trading patterns and even a judge’s decision to release $57 million of his frozen assets, suggesting adaptability in his financial strategies.

Additional Insights

• New wallet activities linked to Davis have been characterized by several transactions leading to six different wallets.
• Key losses include $100,000 on PENGUIN and $29,000 on KABUTO.

In conclusion, Hayden Davis’ recent trading endeavors depict a stark contrast to his earlier success, posing questions about his future strategies in a turbulent market.