Coffeezilla: Melania meme coin may be involved in $21 million insider trading.

Famous crime investigation expert and million-dollar YouTuber Coffeezilla recently released a video exposing that someone allegedly used insider information to target the First Lady meme coin Melania Coin before its official issuance, buying in at ( and subsequently making over 21 million dollars in profit, which may be the first case in history involving insider trading by a member of a presidential family.

Meme coin "Gets Sniped": 24 Mysterious Wallets Rushed In to Profit Over 100 Million USD

According to reports from the Financial Times and on-chain data analysis, before the official issuance of the Melania Meme Coin, 24 anonymous wallets had already purchased the coin in advance. After the public issuance, these wallets quickly sold off their tokens, with total profits estimated to reach up to $100 million. Two of the wallets were traced to a direct connection with the controversial figure Hayden Davis, raising public concerns about whether the Melania Meme Coin is involved in insider trading.

Investigators stated that these sniper trades occurred just minutes before the token's issuance announcement, which is an extremely unusual sniper behavior. The question is, how did they know the token was about to be issued?

The hidden figures behind the two major wallets are coming to light.

One of the 24 disclosed mysterious wallets purchased tokens for $40,000 just 3 minutes and 21 seconds before the meme coin was listed, later flipping for a profit of $2.5 million. Another wallet invested $800,000 just seconds before the announcement, ultimately cashing out $18.5 million. All these wallets exited and cashed out within 30 days after the token issuance.

After investigation, the on-chain activities of two suspicious wallets are highly correlated with Hayden Davis's private wallet. Hayden Davis was tracked by the media for allegedly stealing Libra coins issued by Argentine President Javier Milei. He later publicly admitted to taking over 100 million USD from it, but after promising to return part of the funds, he simply "vanished."

According to the information on the wallet address that Hayden Davis refunded to Barstool Sports founder Dave Portnoy for his lost funds, the reporter cross-referenced the on-chain records and found that the wallet is only "a few hops" away from the sniper wallet of Melania Coin, indicating a high degree of overlap and correlation.

Hayden Davis collaborates with the Melania Coin team to deny insider trading.

In an investigative interview, Hayden Davis was asked whether he participated in the internal issuance of Melania Coin. He admitted that he was indeed involved, denying that he profited from it, claiming that the Melania team did not gain profits from these attacks. However, the situation seems to be more complicated, as leaked group conversations indicate that Hayden Davis and his brother Gideon Davis's company Kelsier, along with its partner team DeFi Tuna, have an actual collaboration with the Melania team.

The conversation records reveal that they distributed 10 million Melania coins to members before the issuance of the meme coin, planning to create a liquidity pool to provide market liquidity, indicating that they were informed in advance on both the technical and informational levels.

According to the investigation, Gideon Davis had requested partners in a conversation to "return" 1.5 million Solana coins (approximately several million dollars) for other purposes, the specific aim of which is still to be clarified.

Ineffective lockup? The so-called "30-day selling ban" may just be a PR phrase.

According to the information on the Melania Coin official website, the tokens held by the team should be locked for 30 days. However, these mysterious wallets associated with the team were able to start selling off less than an hour after the release, indicating that the "lock-up" may just be a publicity stunt rather than an actual enforcement regulation.

Such behavior not only harms the interests of general investors but may also violate U.S. securities trading and fraud-related regulations, especially if it is confirmed that the trader possesses unpublished information and engages in insider trading, which would constitute a criminal offense.

The investigation team is still analyzing more on-chain wallet activities, fund movements, and transaction timelines in an attempt to understand the entire scheme. Investigators believe this is clearly insider trading. Although Hayden Davis claims he was only assisting in promotion while collaborating with the Melania coin team, multiple pieces of evidence indicate that he likely participated in sniper trading before the coin issuance. If this behavior can be proven to have a more direct connection with members of the presidential family, it will become the first incident in American political history involving insider trading of cryptocurrency by a presidential family.

Legitimate crimes in the era of encryption?

This incident highlights the gray areas that have always existed in the cryptocurrency world. However, Coffeezilla believes that First Lady Melania was not aware of any operations involving meme coins, and the investigation is not yet over; more truths may continue to emerge.

Note: In the cryptocurrency world, Sniper refers to a person or a robot (bot) that buys a new token at the moment it is launched, usually before or just as the news is made public, with the aim of taking advantage of the initial price purchase and quickly arbitraging when the price surges.

This article Coffeezilla: The Melania meme coin may be involved in a $21 million insider trading scheme first appeared in Chain News ABMedia.