The LIBRA behind-the-scenes team faces the camera for the first time: 10,000 words reveal the truth behind the harvesting of Argentinas presidential

Bitget App

Trade smarter

Odaily2025/02/17 18:01

By:Odaily

Original author: Coffeezilla

Compiled by Odaily Planet Daily ( @OdailyChine )

Translator ｜Azuma ( @azuma_eth )

Editors note: The farce surrounding the LIBRA token supported by Argentine President Javier Milei continues to ferment. KIP Protocol, Kelsier Ventures, Meteora, Jupiter and other related parties have been exposed one after another. A conspiracy of institutional setting up and precise harvesting is gradually being unraveled by the community.

This afternoon, overseas KOL Coffeezilla released a video interview with Hayden Davis, CEO of Kelsier Ventures, a core participant behind LIBRA. This is also the first time that Hayden Davis has responded in detail to the public since the incident. In this video interview, Hayden Davis talked about the LIBRA issuance story, the destination of funds, and the complexity of internal operations from his own perspective.

The following is a summary and compilation made by Odaily Planet Daily based on the original video content.

Part 1: The inevitable sniper

Host ( Coffeezilla):

For the past 48 hours, I have been investigating the Libra debacle. The Argentine president publicly endorsed the token, but as the price of the token collapsed, countless investors suffered losses and hundreds of millions of dollars were lost. People want to know where all the money went.

Now that I have contacted the key figures in this incident, I will conduct an hour-long interview with Hayden Davis, CEO of Kelsier Ventures, who is the main person in charge of the token launch... I don’t really want to call this an interview. Hayden Davis has previously posted a 1-minute response video on X, but the effect was not good, so this time I am more of a listener, hoping to give Hayden Davis a chance to make a detailed statement and let him tell the ins and outs of this matter.

Odaily Note: The interview started very abruptly, and Coffeezilla explained that it was because Hayden Davis said something off-the-record at the beginning, which he had to cut.

Hayden Davis:

When LIBRA was launched on Meteora, it tried to avoid sniping, but it didnt work...Multiple professional snipers bought a lot of tokens very early...One of the addresses once held $57 million worth of tokens, but never sold them. I dont know why. Even when LIBRAs market value was at the multi-billion dollar level, if these snipers chose to sell, they would still smash the market directly. At this time, you have to make a real-time decision, do you withdraw some liquidity to support the bottom (because there are more marketing plans to come)? Or let the price crash?

This happens with every token launch, where 3 to 10 guys grab a lot of chips, and they are not good-faith holders, they just want to sell for profit. You cant track the addresses and find out who they are. The same is true for LIBRA.

Part 2: The President’s personal response?

Hayden Davis:

Miley and his team told me that there will be a very important interview tomorrow, which will be broadcast live on TV, and he should clarify questions about me and the Libra project itself, because apparently he is also under scrutiny.

In the original LIBRA launch plan, Mile would post another video, and then some other high-profile people would interact with him. So our idea at the time was whether we could drive away the snipers by extracting liquidity, while retaining funds to prevent the project from completely collapsing after the price drops, and then let Mile post a second video and reinvest the funds to replicate the explosion feast like TRUMP.

I dont know why Mile deleted the first post, but I guess he was under a lot of political pressure and it caused him to panic. Given his position, I can completely understand how he felt.

Part 3: I still have $100 million, but I don’t know what to do with it

Hayden Davis:

We have been trying to think about what to do next. People are saying this is another rug, which is not the objective fact. There are still tens of millions of dollars of liquidity locked up, and the token market value is still $300 million. This is not a rug, its just a failed plan.

I still have $100 million in an account I control as custodian, but I really want someone to tell me what to do with it. I dont want to be the target of criticism, I didnt benefit from this, but my life is in danger because of it.

Host (Coffeezilla):

I want to add a couple of words. Regarding the $100 million, I think the public perception is that the word rug has been widely adopted, and its colloquial meaning is unfair value extraction. In this case, unfair value extraction means taking funds because people think you havent clearly stated what the money is going to be used for, so people feel like youre just extracting profits, and thats their perception.

Obviously, we need to do something with that $100 million to try to get it back into the hands of the people, and I think thats going to be a very complex and difficult process because its going to be very hard to do it without it being further exploited.

Part 4: About “Investment” or “Speculation” in Meme

Hayden Davis:

By the way, this is actually a multi-faceted question because this is a meme coin. If you put all your money into a meme coin, it would be stupid. In addition, how do you value a token that is not dead yet? Miley will probably support LIBRA, so it may still have some chance of recovery.

Host (Coffeezilla):

I would like to interject and ask, will Miley profit from this incident?

Hayden Davis:

Wont.

Part 5: This was just an experiment

Hayden Davis:

This project was originally an experiment. Mile had a strong desire to put everything on the blockchain and make everything public, such as all the financial transactions of the country. So I had many discussions with many different people and foundations on how to build this system in the next few years, so we used this experiment to see how it works.

Again, although Mile supports the token, it is not his official meme token, which needs to be made clear.

Part 6: About insider information

Host (Coffeezilla):

Some people accused some insiders of knowing the relevant information before the contract was made public. For example, Dave Portnoy, the founder of Bartool Sports, said that he knew about the token two weeks before the launch, but did not buy it in advance. Instead, he bought it 10 minutes after Mile posted X news, and eventually lost about $5 million, but you compensated him for the loss.

This will further deepen the suspicion of ordinary users about market manipulation, and they will definitely think: See! Even if they lose money, they will be compensated.

Hayden Davis:

First of all, regarding Dave Portnoy, I had been arguing with him that day. I compensated him because I didnt want him to lose money. I will continue to talk to him and I believe we will come to a different conclusion.

As for insider information, I cant guarantee that myself, Manuel or Mauricio didnt tell anyone else, but I can tell you that the number of people who knew was very small. To me, the concept of insiders was always bullshit because in every meme token I knew of, invested in, or participated in, the people who benefited the most were those who knew about it, and just like any other business in the world, the people closest to it usually make the most money, or lose the most money.

Part 7: Market or Casino

Host (Coffeezilla):

I think peoples frustration is that theyre not mad at you for being good at trading, theyre mad at you for knowing information that the public doesnt know and trading on it. In the open market, thats illegal, thats insider trading... (interruption)

Hayden Davis:

…But it’s not illegal in the meme market; it’s what happens in every trade. That’s the rule here, people know it, agree to it, and make money off it. If you blame that, you have to blame everything else.

I don’t actually disagree with that, to be honest, but I think that for the vast majority of people who are betting on meme tokens, especially for retail traders who are in at an early stage, that’s the way the game is in this market.

This is not a capital market, this is a casino.

Part 8: Sniper Yourself

Host (Coffeezilla):

Dave mentioned a situation where you reportedly refunded him with your personal funds, but the refund address was traced to an Avalanche address, which is also one of the LIBRA snipers. If you are going to launch a token, isn’t it unfair for you to sniper your own token?

Hayden Davis:

I would say no (Coffeezilla was shocked to hear this). From a sniping perspective, a lot of times we snipe to stop other snipers from coming in... By the way, Im not a developer, I dont even know how to snipe. If you sat me in front of a computer and asked me to figure out how to snipe, I wouldnt even know how to do it, Ive never made a bot, I dont know these skills.

Host (Coffeezilla):

But you sniped Libra, and your words were from the project perspective, but Dave said that was your personal funds.

Hayden Davis:

It was just a mistake under pressure. I mean, if there was a mistake, it was because… in that particular case, all I did was use that money… when it goes back into the market, it flows back through another wallet… that sniped money is the project’s money, and that’s the way we do things.

Odaily Note: Hayden Davis is clearly a bit incoherent in this paragraph, and Coffeezilla is speechless.

My point is that when you as a team do sniping — I’m not saying it should always happen — a lot of times it’s to protect the project. If there’s enough volume, we’ll take away some liquidity so that people have a chance to push the price up because meme tokens go up and down so quickly. These projects can be killed in two days, and the only hope is that you have enough funds to fight the snipers. This is a rule that everyone on Solana knows, and everyone knows how these token launches work…

Part 10: Continue to blame the sniper

Host (Coffeezilla):

Do you think the public knows that when a project is launched, the project owners will snipe their own projects?

Even if we interpret this in the most benign way, assuming that all of this funding is not for profit but for the project itself, it is still inherently problematic that the public is unaware of these secret activities. The project is controlling the price of the project, which is a strange way to manipulate prices. This also makes the so-called team owns the treasury meaningless, because you seem to have a treasury for sniping as well. The public has absolutely no transparency into these things.

Hayden Davis:

I think this is what happens with all meme tokens unless they die completely and then get CTOed. Im just sharing this for transparency, maybe Im oversharing but I dont really care. When youre in charge you need to figure out how to keep these projects going and thats what weve been trying to do.

Just to add, if you want to know Daves story, briefly, it was the Milley team that wanted Dave to be involved in order to do some cross-promotion and even eventually do an interview like Dave did with Trump and create some possible opportunities.

The main reason that screwed this up was the massive sniping. There is no solution because these guys walked away with 80 million, 100 million, or even 200 million dollars, while others were harvested and the project owners were also blamed.

Part 11: Role swap 😂

Host (Coffeezilla):

Regardless, I still think it’s crazy to attack your own project, but I agree that sniping is a huge problem that all meme tokens face. I think insider information is also a huge problem, and these two problems can exist at the same time because some sniping behavior is caused by insider leaks.

For example, in some cases, there are alpha groups that not only look for information on the chain, but also look for leaks of early contracts. They will spend money to obtain these early contract addresses in order to snipe tokens... (interrupted)

Hayden Davis (host vs guest version):

…So what is the solution? I also want to ask you, what can you do from the perspective of protecting the token?

Coffeezilla (Interviewed version):

Philosophically, I think meme tokens are a zero-sum game, an act of extracting value from the majority of participants, disproportionately benefiting insiders through the structure of the deal and the way it works. Because for someone to make a dollar, someone else has to lose a dollar, so I feel that the whole concept of meme tokens is misguided from the beginning. Of course, my main concern is that there are unfair elements such as fraud or insider trading.

If people want to participate in meme tokens, thats their freedom. But I think at least the market should be fair. I think meme coins are stupid, but even if you want to participate in such stupid things, you should do it in a fair environment. Its like casinos, which have a lot of fraud in addition to the unfair gambling element, so they are highly regulated. Casinos are regulated for a reason, because people are deceived there. I think the same thing should eventually happen to the meme token market, even though there are obviously strong advocates for complete deregulation.

Part 12: Have you ever participated in MELANIA?

Host (Coffeezilla):

I know this is a bit of a touchy subject, but I have to ask because it’s relevant to my story. A lot of people have linked you to the launch of MELANIA, were you involved in the launch of MELANIA? Was it also targeted?

Hayden Davis:

Well... I told you before that Id be happy to tell the truth, but the questions youre about to ask could put me in great danger. But Im willing to answer them.

I did participate, and I think the team did want to snipe it because the scale of the TRUMP sniping was too large, but we were not the main sniper, and we deliberately avoided it. We did not earn any benefits from the MELANIA team, and we did not raise any liquidity.

Part 13: About other tokens

Host (Coffeezilla):

Are these the two main projects you guys are involved in? I heard about a few others like HOOD, is that one of yours as well?

Hayden Davis:

no.

Part 14: Do you have to kneel down to make money? Who has the answer?

Hayden Davis:

Before I talk about other topics, I have to say something first.

I thought meme tokens might be part of the way social finance is going. But now it seems I was wrong, and now people want to kill me for participating in this project.

The only ones who can really earn forever in this market are trading platforms. Whether the project is successful or runs away or collapses, they will make a fortune. I am completely against this point. It is really too fucked up. Whether it is Meteora or Jupiter, they dont care about the life or death of the project at all. They just make money from transaction fees. And what about the investors? They have lost everything, but these platforms still make money. This is really too fucked up.

I have talked to many bosses of many trading platforms about this in person. This is fucked up, they should have some sense of responsibility, if the project really runs away, or someone is cheating investors, there should be a refund mechanism, or some compensation. But anyway, the question now is - what should everyone do? When there is a problem with a system and you want to fix it, you can only try to start in a different way, such as starting with a higher market value, deciding who to cooperate with and who not to cooperate with, how to keep control of the contract, how to promote it without breaking the rules... What would you do?

I just hope that if this conversation is recorded and made public, people will at least stop and think about this question. Because even the top people in the industry dont have an answer. No one knows what to do.

I have also been wondering, what should I do? How can I make money cleanly? Is it possible?

Host (Coffeezilla):

I think that no one in the crypto industry can give a good answer, because the real answer is what no one wants to hear - that is, what you are doing is basically how to reasonably make a fortune by selling tulips. You can certainly package it in different ways, but in essence, anything that is a pure value extraction for the entire world is probably not a good thing. And this is the reality that many people in the crypto industry are unwilling to face.

Part 15: Value Debate

Hayden Davis:

Whether it is VC coins or meme tokens, all crypto projects are essentially extracting value.

Host (Coffeezilla):

Wait, I think theres a distinction here - some things do bring some kind of value, and while the word utility is overused, it at least means a tool, something that actually does something. And some things? They have absolutely no intrinsic value.

Hayden Davis:

But it’s still value extraction, whether or not it has utility.

Host (Coffeezilla):

Not necessarily... not necessarily, for example, lets take Coca-Cola as an example. You can say that Coca-Cola is making money for shareholders, right? But at least they provide a product - of course, you can argue about its health issues, but at least it is a commodity that people are willing to pay for, it provides a service. In addition, it also pays dividends to shareholders. So even if a shareholder buys the stock for one dollar and sells it for another dollar, he still earns dividends. This means that Coca-Colas business model is not a zero-sum game. Apple is not playing a zero-sum game either. These companies in the capital market are not zero-sum games. They are creating value, and this is the basis of their value.

The original idea of the crypto industry is: Although it is indeed a bit speculative at the beginning, we should care about it because there is real financial technology behind it, and it provides a new value model. This is the original core selling point of the entire crypto industry... (interrupted)

Hayden Davis:

All crypto assets are actually similar. Take Bitcoin, for example. The reason why it has value is entirely because a lot of people say it has value, plus the so-called decentralization - that is, there is no known centralized controller. But in essence, it is still a game of value extraction, or a zero-sum game. So, whether it is a meme token or a large project that claims to have practical value, they are essentially the same, to put it bluntly, they are all shit.

The only reason were here is so that one day it wont be shit anymore, but its going to take a lot of progress to get there. Were just not there yet.

Host (Coffeezilla):

The problem is, this progress won’t come from meme coins… okay, go ahead.

Hayden Davis:

I just want to finish what Im saying. Im not saying Im definitely right, Im just saying this is what I think.

I don’t think I’m necessarily right at all, but my idea is that if certain meme tokens - because to be honest, everyone has only cared about meme coins in the past few months, whether it was three or four months ago, or since TRUMP launched the coin, this is the focus of everyone’s attention - if these meme coins can eventually really create some kind of practicality, or those big guys, such as Dave, start cross-platform cooperation, promote each other, repurchase and destroy, increase practicality... then these things may really develop into some kind of social finance model.

But theres going to be a lot of stupidity before that, and thats where I am now - an absolutely huge, unmanageable mess, which is the $100 million problem... We can get back to that now.

Part 16: How to deal with $100 million?

Host (Coffeezilla):

OK, lets get back to that. You have $100 million and youre thinking about what to do with it.

We discussed this before in our chat, and I dont know if my suggestion is the best, but heres my idea: first you need to take a snapshot, calculate the profit and loss (PnL), then determine who lost money and distribute compensation in proportion to the loss. You can set a cap on compensation, limiting a person to a maximum of $50,000. Assume that if someone loses more than this amount, he is likely a more professional trader, while the average retail investor may have lost less. In this way, when compensating, priority can be given to those less professional investors (such as an ordinary Argentine who saw the presidents dynamics).

You can use this method to get as many people back as possible, but the problem is that this solution takes a lot of time and may require a dedicated data analysis team. I have told you before that this will be very time-consuming and labor-intensive, but from the current situation, this may be the most reasonable solution.

Hayden Davis:

There are about four options that I have received suggestions for now, and I can tell you about them.

First of all, Im not talking to you about this to get sympathy, but because I really dont know what to do, and I need someone I can trust to help me. I dont want to be wronged, because I never thought of making things like this.

And, you know, this is the Argentine government! It’s Mile! This is not a normal project… I’m not part of this team! I’m not! I’m not! I’m not! — I can say this 100 times.

I dont want to be in this situation at all. I posted the video just to get help, but so far, except for Yat Su, no big names in the crypto community have stepped up to help. This is outrageous, these people are shit!

Now there are four options, listen to them:

No refunds, just donate the money to charity in Argentina and tell everyone to fuck off. But in my opinion, this is a terrible solution.

Refunds, but refunds need to be based on various calculation criteria, and no matter what I do, there will still be people who are dissatisfied and will still come to trouble me. Many people advised me not to do this, because meme coins are purely speculative and no one should invest all their savings in them. But even so, I personally think that the money should be refunded to some extent, even if it is only a partial refund calculated at a certain price. But this plan is still difficult to implement.

Put all the money back into the market and buy it back directly. We still have about $100 million in hand , in addition to about $11 million in tokens, and $13 million in fees, so the total is about $110 million in cash. If we put all this money into the market, the market value will probably return to $2.5 billion to $3 billion, which is the historical high of LIBRA.
This way, at least there is still hope for the project, and I can get out of it completely. You can say whatever you want, the money has returned to the market, and then it doesnt matter if you criticize me. But I want to be clear - I will not touch this token again! I just want to get rid of this mess as soon as possible. It has become a huge nightmare.

…Before he could talk about the fourth option, he was interrupted by the host.

Host (Coffeezilla):

Let me analyze it for you. I think this is absolutely a completely wrong decision, and the consequences will be worse than you can imagine.

First of all, this is not a fair solution. In contrast, prorata share at least tries to be fair, but reinjecting funds essentially only allows those snipers and robots to profit again. This project has been taken advantage of by arbitrageurs who rushed to the front from the beginning. Those who placed orders the fastest, various robots, they grabbed the first opportunity. Now, your plan is to do it again? Re-inject funds into the market and give these arbitrageurs another chance to make a lot of money?

Hayden Davis:

Why do you think this will be a disaster? If I announce this plan in advance, everyone will have the opportunity to buy, then this is not insider trading! Instead, this is a completely free market behavior! Everyone knows that there is money to flow back into the market, so everyone can trade fairly, right?

Host (Coffeezilla):

But the problem is that the smarter people in the market always have the upper hand! The moment you decide to buy back in, the more experienced and professional speculators will take advantage of this to arbitrage. Their funds, algorithms, and transaction speeds are simply unmatched by ordinary people! Therefore, this plan will ultimately only allow those with the most resources to make more money, while retail investors will lose money again.

Hayden Davis:

But isn’t this the same problem? Whether it’s the initial launch or the current injection, there is no fundamental difference! The result is the same - whether I choose a refund or an injection, someone will be unhappy!

If you think about it, refunding people is ridiculous in itself - who would refund a meme token investor? It sounds ridiculous! But if I choose to inject funds into the market, there will still be a lot of people scolding me. No matter what I do, someone will be unhappy!

Part 17: Personal safety and bargaining chips

Host (Coffeezilla):

But if you refund money, why would people be unhappy? Sure, they might not get all their money back, but at least they get something back, which is better than losing everything, right?

Hayden Davis:

Because some people are not meant to reason!

They sent me direct messages saying, Send me $1.5 million or Ill kill your whole family.

So, whether I get a refund or not, I have to face these people!

Host (Coffeezilla):

Are you saving money to protect yourself now?

Hayden Davis:

Of course not! But the thing is - now I have to protect not only myself, but my entire family!

Host (Coffeezilla):

The first thing you should do is to transfer the money out of your hands as soon as possible! You have to find a reputable institution, set up a legal foundation, and hand over the money so that you will not directly control the money. To be honest, one of the main reasons you are afraid is that you can still directly use the $100 million.

Hayden Davis:

Yes, absolutely! But if I am to be completely honest, this money is also a bargaining chip for me with certain people and certain forces. It is precisely because I control this money that I become a target, but it also protects me in a way.

You have to understand that this is no longer just an ordinary scam, nor is it just a project failure. This is a plan that has completely gotten out of control, involving the national level and even the president of Argentina.

Host (Coffeezilla):

I agree with you, this is indeed an extraordinary failed plan.

Hayden Davis:

So if I hand over my money now, even to a trusted third party, I will lose my leverage! And in the current situation, I dare not do that.

Do you remember, I told you privately what I thought might happen next. Until Mile and his team gave me a clear answer, until I had a real plan that could work, I would not act rashly!

That’s why I gave myself a 48-hour window — I wanted to see if anyone could come up with a better solution than “let this drag on for six months.”

If the final conclusion is that the best solution is to hand over the money, no problem, I can do it, without reservation! I dont want to touch this money anymore, absolutely not!

But in the current situation, my reputation has been ruined, which is okay; but I have become the target of certain government forces, which is a big deal, and it may even be more than one government.

And the only bargaining chip I have now is this money.

Therefore, this decision is far from being as simple as hand it over and be done with it. It is not what you think!

Part 18: Taking Mile’s blame?

Host (Coffeezilla):

I understand what you mean. You are right, this is not a simple story. This is why I oppose you throwing money directly into the market, because it will not solve your problem at all. If you do this, it is essentially the same as giving money away for free!

I think you have to move forward in a planned way, not impulsively. You just said If we refund, people will still come to me, which is actually not entirely the same thing. If you eventually find a trusted third-party escrow institution and transfer the money out, at least you can reduce the risk of being kidnapped and extorted. Because then, the money is not in your hands at all, and even if someone wants to threaten you, you cant give them the money.

But I also understand your thinking - the $100 million you have now is, to some extent, your only bargaining chip to get an answer for yourself. Because Mile has been trying to distance himself from you. He first admitted that he was in cahoots with you, but then he wanted to clear himself, but the fact is that he was obviously involved in the project!

Hayden Davis:

Yes, and there is evidence to prove that I have met him at least a few times!

Host (Coffeezilla):

Yes, no one would deny that. I certainly wouldnt say that Millais was completely unaware - he knew about the project and publicly supported it. Its just that he may regret it now, but that doesnt change the fact that he did support it.

But this is an independent question. The real key question is: what should be done with this money? I just want to remind you that you must seriously consider the issue of fairness. This project was unfair from the beginning, and no one can deny this. So when cleaning up the mess, you cant choose an equally unfair solution.

Indeed, the simplest approach is to simply throw money back into the market and then leave it alone, leaving the gamblers to fend for themselves. But the fairer, less likely to be criticized, and more responsible approach would be to calculate the losses and find a way to return the money to those who suffered. Moreover, the whole process must be done slowly, after all, the amount involved is too large to be rushed.

But at the end of the day, I know Im not you, and I dont want to be you. When you asked me for help, my first reaction was - This sounds like a nightmare!

I dont want to take over your $100 million mess. But I do want those who lost money to get some of their money back. So, I can only offer my thoughts and tell you what I think is the fairest solution. The final decision is still yours, and you must bear the consequences - it is your responsibility.

Hayden Davis:

Yes, but I have to be clear - I am the one who got this mess because no one talked to me! This is crazy! I am a normal person, but now I have to make decisions for the Argentine government, and they themselves have nothing to do with this project!

If they want a refund, they can refund it! You know what I mean? Its a dead end.

Host (Coffeezilla):

Didnt they give you any instructions? Did you ask them?

Hayden Davis:

Nope, zero response, absolutely no one talking to me!

Host (Coffeezilla):

I think Milley is probably panicking right now... He might be impeached, uh, at least theyre going to initiate impeachment proceedings, and I dont know if hes actually going to be impeached in the end.

Hayden Davis:

He is obviously panicking. He will not be impeached, but he will definitely be forced into a dangerous situation. To be honest, I am a die-hard supporter of Milley. I think he is innocent and absolutely not corrupt. There are too many people in Argentina who want to bring him down because they want to bring back the corrupt system, and they have played the system. But no matter what, my current situation is simply unsolvable! I have become a complete sitting duck.

This incident has not done me any good at all. My reputation has been ruined and the whole Internet is talking about me. I have no idea what to do.

Part 19: Who is the real team?

Hayden Davis:

The most ridiculous thing is that I am just a middleman! I am not even a deployer, let alone a team!

Host (Coffeezilla):

Who is the team you are talking about?

Hayden Davis:

Kip is the team, they are the ones who are responsible for managing this project.

Host (Coffeezilla):

Oh, yes. But you are responsible for the deployment of tokens, and Kip should be responsible for the management of fund flows, right?

Hayden Davis:

Yes. My role is really that of “Project Launch Strategist” — I just make decisions based on the needs of the team.

I just execute what they want to do. I am not the kind of operator who sits behind the scenes and calculates how much money I can make. This is not my position at all. My goal has always been to make these projects interconnected, grow bigger and stronger, and eventually form real practicality. This is why I do these things in the first place.

Im just an executor and have no say in many things.

Part 20: Is there any profit from it?

Host (Coffeezilla):

But lets admit that in most cases, you have the opportunity to make millions of dollars, right? We cant... (interruption)

Hayden Davis:

Yes, yes, yes, of course I don’t do these things for free, I won’t deny that.

Host (Coffeezilla):

I just want to make sure you dont portray yourself as a victim. I think youre in a really bad situation right now, but financially speaking...

Hayden Davis:

No, I am definitely a victim in this matter! Now I cant make a penny from this matter, not a penny! But of course, I dont work for free, I never deny this.

Host (Coffeezilla):

How can we be sure of this? Honestly, I probably know how to check on-chain data better than 99% of people, but the on-chain data is too complex and the transaction volume is too large to be completely clear.

I mean, when there’s so much money flowing around, and you have direct access to the funds, and you have a bunch of other addresses that you claim are being used to “protect the project”… how do you ensure that the money doesn’t end up in your pocket?

Hayden Davis:

Well... I think this issue may be discussed in other projects, but this time, the situation is completely different. Because now it is not just a matter of money, but my family is being targeted, and even the president is involved. The nature of the matter has completely changed.

Honestly, I have no interest in making money from this, and it could cost me my life or my family. This is different from other financial scams, as it involves not just ordinary investors, but Argentine mafia, forces outside the United States, and even people in the United States who are threatening me.

I dont want to touch the money at all, and I dont want to profit from this. Believe it or not, but this is the truth.

Part 21: Does TRUMP also have big news?

Host (Coffeezilla):

In some ways, I think you are a very interesting person. Although you know my position, I don’t like meme tokens, and I don’t want to criticize you all the time. I am disgusted by this kind of “sniping” method and I don’t agree with many of these operations.

You’re an interesting person because you’re kind of “behind the scenes” — you’ve seen firsthand how some of the biggest projects in the industry work. What should the average person know about projects like LIBRA and MELANIA ? You said people should think about these things… so what should they think?

From your perspective, what is really going on behind the scenes in this industry? How much money can the teams of these projects make? What is the real insider information? If you really think people need to know this, how would you tell them?

Hayden Davis:

Well... I think the best example, the most illustrative one, is the Trump project. Because I know that project raised the most money and made the most money. Take that one, to be honest, I think its the best example. You know, right? Some people were able to buy in when the market value was below 500 million.

Host (Coffeezilla):

Yes, you mean those people also sniped this coin, right?

Hayden Davis:

No, no, not that kind of sniping.

I mean, before the official launch, at a private dinner, some people were given special access and could buy in advance.

Host (Coffeezilla):

What?!

Hayden Davis:

Yes, yes, that’s it.

Host (Coffeezilla):

Wait, wait, what did you say?!

Hayden Davis:

Yes, thats it.

Host (Coffeezilla):

Who... who gave them permission? Who allowed it?

Hayden Davis:

I heard that some people were given this opportunity at a cryptocurrency event in Washington, DC.

I dont know if its true, I just heard it.

Part 22: Some people also asked me When will you make the next one?

Host (Coffeezilla):

So what you mean is...whats your point?

Hayden Davis:

My point is, whether its Trump or any big project of this size, this is a small circle game. This is an unregulated casino.

If you are a retail trader and you are expecting to make millions from meme tokens, you better wake up.

So for retail investors, my advice is - unless you have $100,000 and take out $10,000 for fun, dont touch it.

This is not a good idea. Its no different than going to a casino.

Host (Coffeezilla):

So whats your gameplay?

Hayden Davis:

My approach is that I originally thought that these meme tokens could become something with practical uses, could form large-scale cross-project collaborations, create real utility, create cool ecosystems and collaborations, and enable people to truly socialize at the financial level.

But now, obviously, I dont want to do this at all.

I didn’t even know how to proceed. But I did become a pretty good “launch strategist.” Even to this day, despite all the people who curse me, I still have more than 20 people asking, “Hey, when’s the next one?”

This is fucking crazy!

But this is a game, an unregulated game.

You know what David Sacks said?

Host (Coffeezilla):

Go ahead, what did David Sacks say?

Hayden Davis:

David Sacks says meme tokens are “collectibles.”

You see, our great president issued a meme token two days before taking office. That team -- I dont know if Trump himself benefited from it -- but the team must have made a fortune.

Part 23: Is meme a mistake?

Host (Coffeezilla):

Do you think this is a mistake? As you said, most people shouldnt touch these things. Do you think it would be a mistake to completely open up this market?

Hayden Davis:

Yeah, I mean…Look, I have a completely different perspective now than I did three days ago.

I used to be a big fan of taking everything out of the regulated markets. But now, Im starting to realize that... this is just a small circle game, just like the dirty capital markets, but the specific gameplay is different. Every market where you can make a lot of money is essentially like this.

No matter what, those who have the most money, the most resources, the most control - that is, the insiders in any market - they always win, they never lose, and this is a universal rule in all markets.

Host (Coffeezilla):

I won’t refute this.

Hayden Davis:

Back to meme coins, how would I describe this market to others? Meme coins are an unregulated market, its volatile, insider manipulation, front-running, all kinds of crazy things happen.

The people who really care about this are the people at the top. There are some people I know -- I wont name them for some reason -- who are really trying to figure this out, and theyre not bad people. Most of them are trying to figure out how to make this sustainable. But so far, no one has really found the answer, not one.

I believe that super disasters like LIBRA will eventually drive industry restructuring, but you know what? The big guys never call me. Once things get bad, they all disappear.

That’s why now I’m like, “F*ck , I don’t want to deal with this anymore.”

Because I was losing something, I had a family, my life, my reputation, and a lot of other things. So I thought about it and decided to just go for it.

Someone once told me not to do an interview with you, saying you would rip me off… but I thought, “Man, he’s a Christian, he seems like a reasonable guy, so let’s talk and see what happens.”

I had only two choices: either stand up and face the consequences, or keep silent and be treated as a liar for the rest of my life, which is simply not true.

Host (Coffeezilla):

I agree. In any case, its better for you to come out and tell your story clearly than for others to guess your story.

I wont lie to you. I dont want to whitewash anyone, nor do I want to deliberately blacken anyone. I just want to tell the truth. So this interview will be broadcast in its entirety. Except for the parts you told me that cannot be released, everything else will be made public.

I won’t edit or present a one-sided version. I’ll just put out everything you said and let everyone judge your position for themselves.

To be honest, you have been much more transparent than a lot of people in this situation. A lot of people are scared, so they disappear, even Mile is afraid of his reputation being damaged.

I do think its a good thing that youre speaking up and answering these questions.

Of course, I dont think this project is done right, but I still want to thank you for talking about this today.

Part 24: Final Conclusion

Hayden Davis:

I dont know if this counts as a closing statement, but I have a few things I want to make clear.

First, I want to emphasize this point again, not just because I really believe it, but because it really needs to be said - Mile knows nothing about cryptocurrency and does not understand it at all.

I think hes smart, he probably has a little understanding of blockchain, but I dont think he realizes what hes done. So I want to be clear about that. But Im still 100% behind him because I think hes the only hope for Argentina, one of the most corrupt countries in the world, and this country now finally has a chance to get rid of corruption.

Secondly, I didnt plan to go into this much detail at first, but I think this is important. In this case, your content directly affected my family and put me in extremely dangerous situations. But the thing is, I am not the leader of this matter, and I dont want to be the leader at all, so Im not pretending to be pitiful, I dont need to be treated as a victim, but I hope people can at least have a little empathy, because next, I may need security for a long time, and my life has basically been completely screwed.

All of this is because of something I dont want to get involved in. I want to emphasize again that I didnt take a penny from this project. The reason I participated is because I am a consultant to Mile. I want to use this opportunity to promote other dialogues, advance blockchain technology, and promote more industry cooperation. I dont care whether I can make money this time.

Other projects? OK, I admit, I did make money on other projects, but not this time. Finally, no matter how you plan to publish this interview, how you edit it, I just hope that at least everyone can see one thing - I am not a liar.

Moreover, I do not think that LIBRA is dead . More importantly, I believe that Mile will support it. Of course, the answer may be revealed tomorrow or the day after tomorrow. My judgment is that he will stand on the side of LIBRA. In his current situation, supporting LIBRA is far more beneficial to him than not supporting it.

Host (Coffeezilla):

I think youve covered most of what youve said, and thank you for being willing to step up and share your perspective.

As I said, I may not agree with your views, but you did bring up some key issues that no one has mentioned before. These discussions are valuable and this interview may eventually become an important reference.

So, thank you.

Hayden Davis: