Hayden Davis, founder of the LIBRA token project, has been linked to profiting approximately $12 million from the launch of Kanye West's YZY memecoin. On-chain analysis by Bubblemaps indicates that Davis allegedly used multiple exchange-funded wallets to snipe the YZY token at launch, generating these profits through coordinated wallet activity, including exchange deposits and CCTP transfers. The YZY token launch resulted in substantial losses for many investors, with over 51,000 wallets losing a combined $74.8 million. Out of more than 70,000 wallets involved, only 18,333 made profits totaling $66.6 million, and just 11 wallets earned more than $1 million each. Approximately 74% of YZY investors experienced losses, while a small group of wallets captured about 30% of all profits made from the memecoin.