Hayden Davis, the entrepreneur behind the meme coins LIBRA and MELANIA, has started selling his tokens after a period of inactivity, according to analysts at Bubblemaps.

1/ Hayden Davis is STILL selling MELANIA

He recently sent $1M to exchanges and extracted over $2M from the liquidity pools 🧵 pic.twitter.com/1sWIkGmtxj
— Bubblemaps (@bubblemaps) March 28, 2025

In mid-March, Davis’s wallets began offloading MELANIA tokens under conditions of one-sided liquidity, mirroring his strategy with LIBRA sales. Around 4.5 million tokens were sent to exchanges Kraken and MEXC.

Experts estimate that over the past two weeks, Davis has transferred approximately $1 million worth of MELANIA tokens to centralized exchanges and withdrawn around $2 million from the liquidity pool. Many of his wallets still hold unsold assets.

Earlier, Bubblemaps specialists noted that Davis continued launching new tokens despite a potential international arrest warrant.