“Hayden Davis Said He Refunded $ 5 Million to Dave Portnoy Who Lost Money on Libra.”, – WRITE: www.coindesk.com
Libra Was Released on Friday, Sparking a Now-Deleted Tweet of Support from Argentina’s President Javaer Milei Saying It Wuld Support Small And Mid-Sized Businesses in the Country. His backtracking on the Project Prompted A 95% Plunge in the Token’s Value.
Sniping is when people use bots to buy memecoins seconds after the smart Contract Goes Live. Wallets that Snipe Funds are offen Those that end up with the Majority of Profit.
The Token Was “not a rug Pull,” davis insisted in an Interview with Crypto Scam Hunter Coffeezilla. “IT’s Just A Plan Gone MiseERBLY WRONG WITH $ 100 MILLION SITING IN ACCOUNT THAT I’M The CUSTODIAN OF.”
Profit Made from melania liquidityIt Turns Out this isn’s Davis’ First Rodeo. He Also Had A Part in Launcing the melania memecoin Linked to US FIRST LADY MELANIA TRUMP.
“I’M happy to Share the Truth. You’re asking a quest’s going to put me in a lot of danger, but i’ll ANSWER IT,” Davis Said Who Questioned About Melania. “I Was Part of It. I Think The Team Did Want to Snipe It Because How Big The Snipe Was On Trump’s [memecoin]. We definitely wren’t the big sniper. There Was No Money Made from the melania team, we didn’t take any liquidity Out, zero. ”
Davis Appeared to Contradict Himself Shortly After Being Confroned with on-Chain Data: “We didn’t Swap Liquidity [but] I DIDN’T SAY THERE WAS NO MONEY SOLD. There’s A Differentnce Between Swaping Liquidity and Selling Liquidations. ”
Melania is Currently Trading at A $ 625 Million Market Cap After DEBUTING AT $ 2.1 Billion on Jan. 20.
Refunds … for insidersThe Controversy Surround Libra Continued As Davis Sent Barstoool Sports Founder Dave Portnoy A $ 5 Million A Refund After Portnoy Lost Money on Libra.
In a Conversation with Coffeezilla, Portnoy Said this Knew About the Project for Weeks Before The Launch and that HE Purchased the Tokens 10 Minutes after Milei’s Tweet.
That Portnoy Knew Libra So Early and that HE Received a refund Afterwards Raises the Specter of Insider Trading. But Davis Dismissed that Idea.
“The Idea of Insiders is Always Bullshit Because every Memecoin I’ve Ever Known or Investled In or Been A Part of Of, The People That Benefit Are The People That Know … PEOPLE
”[It’s] Similar to any of the business in the World. SO I THINK THAT’S A BIT OF BULLSHIT AND THAT’S JUST Crypto People That Angry Because there’s an unfair Advantage. ”
Coindesk Contaacted Davis and Portnoy for Comment, But Had Not Heard Back by Publication Time.
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