- Hayden Davis-linked wallets launch FRIES token, showing patterns similar to previous controversial projects like LIBRA and WOLF.
- Investigations into LIBRA reveal heavy losses, potential fraud, and insider trading, raising concerns over FRIES’ launch activities.
Hayden Davis has once again caused a stir in the crypto space. The figure who has long been associated with various controversies has reportedly launched a new token called FRIES.
What makes the community even more suspicious is that analysis from Bubblemaps shows that the pattern of wallet movements involved in FRIES is exactly the same as the pattern found when LIBRA and WOLF were launched. Not only the wallet, the token distribution and trading flow also seem to follow the old scheme that has claimed many victims.
1/ It’s happening again
Addresses linked to Hayden Davis launched another token: $FRIES
Same wallets. Same pattern 🧵↓ pic.twitter.com/16hezouZFx
— Bubblemaps (@bubblemaps) April 25, 2025
On the other hand, this situation is further exacerbated by a report from the CNF that revealed that the Argentine prosecutor recently ordered the freezing of $100 million in crypto related to LIBRA Coin.
Local authorities are investigating the possibility of market manipulation and insider trading practices, which have even dragged President Milei’s name. Allegations of fraud, abuse of power, and political influence continue to grow behind the fall of the LIBRA project.
Hayden Davis: The Bad Traces Behind the LIBRA and POPE Scandals
Looking back, last February, research from Nansen revealed something sad. As many as 86% of traders who invested in LIBRA suffered losses, with total losses reaching $251 million. Worse still, two wallet addresses were known to have made fast transactions and managed to pocket more than US$5 million in profits.
Just imagine, while thousands of people suffered huge losses, there were a handful of parties who actually came out with deep pockets.
Furthermore, on April 6, the Treanor Law Firm was also investigating the possibility of organized market manipulation in the LIBRA meme token scandal. Circulating data states that more than 75,000 wallets lost a total of around $280 million. If this investigation finds enough strong evidence, it is likely that there will be a wave of lawsuits against the parties involved.
However, the list of problems that ensnared Davis does not stop there. On February 26, an investigation by the US Department of Justice found new evidence linking him to the laundering of $2.7 million through the POPE meme token.
This finding makes his image in the crypto space even more difficult to repair. Just imagine if in the traditional world, a businessman who is constantly involved in similar scandals, of course public trust will be destroyed.
Not only that, even though he has been linked to schemes that have harmed many people many times, Davis seems to show no signs of stopping.
