A Manhattan federal judge has lifted a freeze on roughly $57.6 million in USD Coin held in two wallets controlled by Libra meme-coin promoters Hayden Davis and Ben Chow. The court said the pair were no longer considered “evasive actors,” found no evidence of irreparable harm to plaintiffs, and expressed skepticism that the lawsuit over the February collapse of Libra would prevail. The funds had been blocked since March amid allegations that Davis, chief executive of venture-capital firm Kelsier Labs, and Chow, founder of the Meteora decentralized exchange, orchestrated a token launch that quickly lost 99 % of its value. Within minutes of the ruling, LIBRA’s price surged as much as 137 %. Blockchain-forensics firm Bubblemaps separately reported that wallets it links to Davis generated about $12 million by rapidly purchasing Kanye West’s newly released YZY meme coin a day after the court order. The on-chain analysis showed 14 addresses spent a combined $2.8 million on YZY minutes after the artist’s public endorsement, then sold into a price rally. The fresh activity has reignited scrutiny of Davis’s trading practices while the pair still face a civil action seeking up to $100 million in damages over the original Libra launch.