Key Takeaways
- Javier Milei’s crypto advisor allegedly influenced him through payments to his sister.
- The LIBRA token collapsed, with insiders extracting over $107 million in liquidity.
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Hayden Davis, co-creator of the LIBRA meme coin and CEO of Kelsier Ventures, allegedly sent messages months before the token’s collapse claiming he had control over Milei through payments to the president’s sister, Karina Elizabeth Milei, according to a CoinDesk report.
“I control that n****,” Davis claimed, adding, “I send $$ to his sister and he signs whatever I say and does what I want,” according to text messages reviewed by CoinDesk.
The LIBRA token, launched on Solana blockchain, reached a $4.5 billion market capitalization after Milei endorsed it on social media on February 14, 2025.
The token’s value dropped by over 90% within hours, with insiders reportedly extracting more than $107 million in liquidity.
Davis previously acknowledged holding $100 million in profits from the token’s launch, stating he was uncertain what to do with the funds after Milei’s team allegedly abandoned the project.
US authorities are considering jurisdiction over the case due to Davis’s American citizenship and US-based investor involvement.
Blockchain analysts have connected Davis to other failed memecoin launches, including the MELANIA token associated with US First Lady Melania Trump.
The Argentine government has not officially responded to the CoinDesk report, while Karina Elizabeth Milei remains silent on the allegations.
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