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![KobeissiLetter Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::3316376038.png) The Kobeissi Letter [@KobeissiLetter](/creator/twitter/KobeissiLetter) on x 946K followers
Created: 2025-02-17 14:55:56 UTC

This keeps getting worse:

Hayden Davis, an insider behind the memecoin endorsed by Javier Milei, $LIBRA, said they made "more or less $XXX MILLION."

Some insiders were reimbursed $5+ million while retail saw -$4.4 BILLION of market cap erased.

What is happening here?

(a thread)

![](https://pbs.twimg.com/media/Gj_0T26XIAA3e0x.jpg)

XXXXXXXXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1891501844385391036/c:line.svg)

**Related Topics**
[libra](/topic/libra)
[market cap](/topic/market-cap)
[$libra](/topic/$libra)
[memecoin](/topic/memecoin)
[insider](/topic/insider)

[Post Link](https://x.com/KobeissiLetter/status/1891501844385391036)