Designer of multiple crashed meme coins also involved in Kanye’s 'YZY' coin… Realized ₩16.5 billion profit

A coin designer, previously embroiled in controversy for designing multiple meme coins, has been revealed to have made significant profits from the YZY token launched by the famous American rapper Kanye West.

According to The Block, a cryptocurrency-focused media outlet, on the 26th (KST), blockchain analytics firm Bubblemaps announced on X (formerly Twitter), "Multiple wallets were funded from centralized exchanges (CEX) the day before the YZY token launch," adding, "It was determined that several of these addresses are linked to Hayden Davis."

Hayden Davis is at the center of the crash involving the Libra (LIBRA) token, which was a joint project with Argentine President Javier Milei. He is also suspected of being connected to the Melania (MELANIA) token, which he co-created with former U.S. First Lady Melania Trump.

Addresses associated with Hayden Davis reportedly 'sniped' the YZY meme coin immediately upon its release (a method in which a newly released token is bought up using automated bots or smart contracts, with the intention to sell for profit). Bubblemaps stated, "It has not been confirmed whether Davis had insider information," but added, "At least 14 sniping addresses purchased a large quantity of tokens within 1 minute of launch, generating a profit of $12,000,000 (approximately ₩16.6 billion)."