Kelsier CEO Hayden Davis, the brains behind the controversial Balance Mecoin, said that he had also launched Melania Mecoin and that his team pulled the two tokens as soon as the contracts of the contract were launched.
Balance was released on Friday, causing a tweet now removed from the support of Argentinian president Javier Milei saying that he would support the country’s small and medium -sized enterprises. His return to the project caused a 95% dive in the value of the token.
The shooting is when people use bots to buy the same seconds after putting the smart contract online. The portfolios that snipe the funds are often those that end up with the majority of profits.
The token was “not a carpet traction,” said Davis in an interview with Crypto Scam Hunter Coffeezilla. “This is just a plan that miserably badly badly with $ 100 million in an account of which I am the goalkeeper.”
Benefit made from Melania’s liquidity
It turns out that this is not the first Davis rodeo. He also participated in the launch of the Melania samecoin linked to the first lady of Melania Trump.
“I am happy to share the truth. You ask a question that will put me in danger a lot, but I will answer it,” said Davis when he was questioned about Melania. “I was one of them. I think the team wanted to resonate it because the size of the snipe on Trump [memecoin]. We were certainly not the big sniper. There was no money made to the Melania team, we did not remove any liquidity, zero. “”
Davis seemed to contradict herself shortly after being confronted with data on the chain: “We have not exchanged liquidity [but] I did not say that there was no money sold. There is a difference between the exchange of liquidity and the sale of liquidations. “”
Melania is currently negotiating a market capitalization of $ 625 million after having started $ 2.1 billion on January 20.
Refunds … for initiates
The controversy surrounding the balance continued while Davis sent the founder of Barstool Sports Dave Portnoy a reimbursement of $ 5 million after Portnoy lost money on the balance.
In a conversation with Coffeezilla, Portnoy said that he knew the project for weeks before the launch and bought the tokens 10 minutes after Milei’s tweet.
The fact that Portnoy knew balances so early and that he received a reimbursement later raises the spectrum of the initiate offense. But Davis rejected this idea.
“The idea of the initiates is always bullshit because every same that I have never known or invested or is one of the people who benefit from it are the people who know … The people who structure the agreement.
“”[It’s] Similar to any other business in the world. So I think it’s a bit of bullshit and it’s just crypto people who are angry because there is an unfair advantage. “”
Coindesk contacted Davis and Portnoy to comment, but had not heard of publication.
