When Memecoins Collide: The Hilarious Saga of MELANIA and LIBRA! 😂💰

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What to know:

  • Hayden Davis, the mastermind, claims to be the proud parent of both the MELANIA and LIBRA memecoins.
  • In a generous act of goodwill, Davis returned $5 million to Barstool Sports’ Dave Portnoy after investors cried over LIBRA’s misfortunes.
  • During a tête-à-tête with Coffeezilla, Davis remarked that only the outsiders seem to be throwing tantrums. 😏

Ah, the illustrious Kelsier CEO, Hayden Davis, the architect of the infamous LIBRA memecoin, has now unveiled his latest creation: the MELANIA memecoin. With a flourish, he declared that his team sniped both tokens the moment their contract addresses were birthed into the blockchain. How poetic! 🎭

LIBRA made its grand entrance on a fateful Friday, igniting a now-erased tweet from Argentina’s President Javier Milei, who proclaimed it would be the savior of small and mid-sized businesses. Alas, his swift retreat from the project sent the token’s value plummeting by a staggering 95%. Talk about a dramatic exit! 🎢

For the uninitiated, sniping refers to the art of using bots to snatch up memecoins mere seconds after their smart contracts go live. Those wallets that engage in this delightful practice often find themselves swimming in profits. 🏊‍♂️💸

“Not a rug pull,” Davis insisted, while chatting with the crypto sleuth Coffeezilla. “Just a plan that went awry, with a cool $100 million lounging in an account that I, the humble custodian, oversee.” How reassuring! 😅

Profit made from MELANIA liquidity

It appears this isn’t Davis’ first dance with the memecoin waltz. He also played a role in launching the MELANIA memecoin, cheekily linked to none other than U.S. First Lady Melania Trump.

“I’m thrilled to share the truth,” Davis said, a hint of mischief in his eyes. “You’re asking a question that could land me in hot water, but here goes: I was involved. The team had a hankering to snipe it, especially after witnessing the grand snipe on Trump’s memecoin. We certainly weren’t the biggest snipers. No liquidity was extracted from the MELANIA team—zero, nada!”

However, when confronted with on-chain data, Davis seemed to trip over his own words: “We didn’t swap liquidity, but I never claimed there was no money sold. There’s a fine line between swapping liquidity and selling liquidations.” Oh, the nuances of memecoin economics! 🤔

As of now, MELANIA is strutting its stuff with a market cap of $625 million, a far cry from its debut at $2.1 billion on January 20. Quite the rollercoaster ride! 🎢

Refunds … for insiders

The LIBRA saga continues, as Davis graciously refunded Barstool Sports founder Dave Portnoy a whopping $5 million after Portnoy found himself in a financial pickle with LIBRA.

In a candid chat with Coffeezilla, Portnoy revealed he had been privy to the project for weeks before its launch and had snatched up tokens a mere 10 minutes after Milei’s tweet. The plot thickens! 🕵️‍♂️

Portnoy’s early knowledge and subsequent refund raise eyebrows about insider trading, but Davis waved away such notions. “The idea of insiders is pure nonsense! In every memecoin I’ve encountered, the real winners are those who know the ins and outs of the deal.” A classic case of “it’s not what you know, but who you know!” 😏

“It’s just like any other business,” he continued, “and those crypto folks are just miffed because they feel they’ve been dealt a bad

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2025-02-18 09:36