Hayden Davis, the notorious meme token shiller behind LIBRA and MELANIA, is active on the meme token market again. The Kelsier Ventures wallets funded a new address that started swapping new memes and interacting with Kamino Lend. Hayden Davis, the promoter of LIBRA, the ill-fated Argentinian meme token, is back with new trades. Kelsier Ventures, the fund controlled by Davis, funded a new address on Solana, which engaged with Kamino Lend and various tokens. The wallets linked to Kelsier Ventures still managed to send out USDC, despite an earlier freeze of over $57M in stablecoins. The initial transfer was relatively small, moving just $14.77K USDC to start meme trading. One additional address sent funds to Kamino Lend, depositing 199.60K USDC. The lending wallet has been in use for months, but was active for the first time since June. Apparently, Kelsier Ventures is not blocked from on-chain Solana activity, though most of its transfers are relatively small-scale compared to previous token activities. In addition to the occasional trading activity, Davis is also fighting to dismiss the class action lawsuit from traders hurt by the crash of the LIBRA token. Hayden Davis takes up BRYAN token Hayden Davis is returning with small-scale trading for a token, just starting out. BRYAN is an extremely illiquid token, still building its liquidity against SOL. The wallets linked to Kelsier Ventures performed multiple small-scale purchases of BRYAN. As a result, the wallet now holds 3.83% of the BRYAN supply. One of the trading wallets funded by Hayden Davis holds 3.83% of the BRYAN supply. | Source: Bubblemaps The token has not produced returns, and is still carrying only around $100K in its liquidity pair. The engagement from Kelsier Ventures positions the fund as an early buyer, as BRYAN is a relatively recent launch. Previously, Kelsier Ventures wallets interacted with BRYAN on multiple occasions. Currently, the Kelsier Ventures fund still holds $943.77K of BRYAN, after previously selling some of its holdings. At this point, Kelsier Ventures’ goal when it comes to BRYAN is uncertain. The token is down 99% from its January peak, and is trading on extremely low volumes. So far, Kelsier Ventures has made limited attempts to pump the token. Kelsier Ventures uses Kamino Lend for passive income, points Even during the peak of the LIBRA scandal, Kelsier Ventures never fully abandoned the Solana economy. The remaining assets in Kelsier Ventures wallets were put to work on Kamino Lend, the growing Solana protocol. Previously, the fund deposited as much as $2.4M, achieving regular passive income from Kamino’s yield . Some of the funds used on Kamino Lend came from proceeds of trading LIBRA and MELANIA . Despite the ongoing lawsuits, Kelsier Ventures has not been blocked from using its assets for short-term trades. Additionally, the fund is mining Kamino points, and may benefit from an eventual airdrop from the platform. Kelsier Ventures retains $5.87M in its known addresses, down from around $10M at the beginning of the year. While not trading aggressively, the fund still tries to use some of its remaining stablecoins. Cryptopolitan Academy: Want to grow your money in 2025? Learn how to do it with DeFi in our upcoming webclass. Save Your Spot
