Bubblemaps (on-chain analytics firm): Hayden Davis Lost Over $3M on Solana (high-speed blockchain) Memecoins (joke-driven tokens)

According to Bubblemaps, Hayden Davis—the figure behind the LIBRA token—lost millions trading Solana memecoins, with $PUMP and $PENGUIN accounting for most losses as recent as five days ago.

SOL

60d ago

Summary

Bubblemaps reported that Hayden Davis, linked to the LIBRA token launch, resumed trading Solana memecoins and incurred losses exceeding $3 million. The losses include around $2.5 million on $PUMP and $0.1 million on $PENGUIN, with the latest wallet activity occurring five days ago.

Terms & Concepts

Memecoin: A cryptocurrency built around internet memes or social trends, typically highly speculative and volatile.
On-chain analytics: The practice of analyzing public blockchain data—such as transactions and wallet flows—to identify patterns, behaviors, or potential risks.
Wallet (blockchain address): A cryptographic address used to hold and transact digital assets; activities are publicly visible on blockchains.