Did the $ libra meme coin created in Feb after $ trump and $Melania coin jan 2025 ny hayden davis
Executive summary
Yes — multiple outlets report that a Solana-based memecoin called $LIBRA was launched in mid‑February 2025 after Argentina’s president Javier Milei posted about it, and reporting links the token’s creation to Kelsier Ventures CEO Hayden Davis, who also figures in the earlier January launches of $TRUMP and $MELANIA; researchers say the token briefly hit multi‑billion dollar market caps and then crashed, producing roughly $251 million in trader losses and large insider withdrawals [1] [2] [3].
1. A rapid‑fire chronology: how $LIBRA followed $TRUMP and $MELANIA
The $TRUMP and $MELANIA memecoins debuted in January 2025, and coverage noted Melania’s token arrived on Jan. 19 after the Trump token’s January launch; within weeks a separate Solana memecoin called $LIBRA was created and promoted by Argentina’s Javier Milei on Feb. 14–15, 2025, linking the three episodes in a single, volatile meme‑coin wave [4] [5] [1].
2. Who created $LIBRA — the Hayden Davis connection
Multiple outlets identify Hayden Davis, CEO of Kelsier Ventures, as a central figure behind $LIBRA’s deployment and as someone who acknowledged involvement in other memecoin launches including $MELANIA; Davis has denied intentional wrongdoing in court filings and interviews while researchers trace on‑chain ties between Kelsier/Meteora and the token launches [6] [7] [8].
3. The market shock: spikes, withdrawals and estimated losses
On‑chain analytics and reporting show $LIBRA surged to a multi‑billion dollar market valuation almost immediately after Milei’s post and then plunged within hours or days after large withdrawals from liquidity pools; Nansen and Chainalysis‑style analyses cited by news outlets estimate about $251 million in realized trader losses and approximately $99–$107 million withdrawn by wallets linked to the token’s creators or insiders [2] [3] [9].
4. Allegations, investigations and legal manoeuvres
The collapse spawned regulatory and legal scrutiny: researchers and prosecutors flagged withdrawals and potential “sniping”/insider behavior; Argentine and U.S. authorities and private litigants opened probes and class actions, lawyers sought Interpol notices, and courts froze assets tied to Davis while he filed declarations denying a scam [3] [10] [7] [11].
5. Conflicting narratives: promotion, negligence or a coordinated scheme?
Sources diverge on motive and culpability. On one hand, Davis and his spokespeople say the launch aimed to fund Argentine small businesses and that Milei’s deleted post caused uncertainty [7] [8]. On the other, blockchain researchers and media reported coordinated liquidity withdrawals, “sniping” tactics and messages suggesting payments or influence‑peddling, and some legal filings allege deliberate pump‑and‑dump schemes tied to the same actors who helped launch $MELANIA and $TRUMP [1] [6] [12] [13].
6. The Melania/Trump connection: timing and shared infrastructure
Reporting documents that the platform Meteora and associated teams previously facilitated launches for $TRUMP and $MELANIA and that on‑chain links and investigator narratives tie the $LIBRA launch to the same infrastructure and some of the same actors — a pattern that regulators and plaintiffs highlight when arguing the events were not isolated incidents [1] [14] [15].
7. What the data can and cannot prove
Chainalysis, Nansen and TRM Labs produced transaction traces and loss estimates showing suspicious flows and concentrated gains for a few wallets, but those traces do not on their face establish criminal intent; legal authorities and courts are the venues to adjudicate culpability, and several sources report ongoing probes and frozen assets rather than final convictions [2] [3] [11].
8. Political fallout and reputational costs
The episode provoked political debate: Milei deleted his promotion, denied formal involvement, and later faced a domestic political backlash; commentators warned that politician‑endorsed tokens risk reputational and economic harm, with some outlets saying the scandal damaged Argentina’s markets and raised ethics questions [1] [16] [17].
9. Bottom line for readers
Available reporting establishes that $LIBRA was created and launched in February 2025 after $TRUMP and $MELANIA in January, that Hayden Davis and linked platforms are repeatedly implicated by on‑chain research and journalism, and that the token’s rapid run‑up and collapse produced large measured losses and triggered legal action — but final legal conclusions and criminal findings remain unsettled in the public record cited here [4] [2] [10].
Limitations: this account uses only the provided reporting and on‑chain analyses; sources differ on motive and evidence, and ongoing prosecutions and court documents (some cited above) continue to evolve [7] [8] [10].