Hayden Davis behind Cardi B token?

Hayden Davis and Kelsier were likely behind the launch of $WAP, the token Cardi B promoted some time ago.

I analysed thousands of transactions to paint a clear picture.

Here you have the full story.

1/ Cardi B Launched a Rug

At launch, the Bubblemaps looked like this (~60% sniped).

You can clearly spot a circular cluster formed by:
• A single wallet sniping
• The sniped supply being distributed to other wallets for dumping

2/ The Main Snipers

In this table, I've highlighted the top snipers.
Most of them split the $WAP token across multiple wallets.

But let’s focus on the top address:

3/ Cashing Out—They Reveal Things

After the rug pull, they always need a way to cash out.

I started noticing patterns similar to $LIBRA:
• Fresh wallets funded from DeBridge
• Cashing out on FixedFloat
• Also cashing out on Kraken, Bybit, and Cryptocom

Of course, that's not enough.

4/ The Top Wallet’s Path to Kelsier

1. The clearest connection

The biggest snipers sent their SOL profits through several wallets.
Some wallets were just there to confuse people.

Stay tune, at the end I'll give you all the wallets

2. Another connection
   
   The scheme was masterfully executed:
   
   • Many wallets made small profits
   • To cash out, they funneled funds into two main wallets (green wallets)
   • The profits were then merged into Fmh (orange wallet)
   • From there, it went straight to Kelsier

6/ The Key Kelsier Wallets

The profits from this rug (and others like $KACY) ended up in a wallet controlled by Davis.

Some funds were sent to exchanges, while others went to wallets sniping new coins.

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Conclusion

I think it’s becoming more and more clear now.

We never really had a "memecoin casino," in reality, we had:
• A feeling on Twitter that everyone was becoming a millionaire (mostly fake screenshots)
• Crypto-native influencers actively promoting these pump-and-dumps (and still getting credit for it—I remember the shitstorms I got when I first opened my account)
• Greedy celebrities who will do anything for a paycheck, even if they’re already millionaires (Cardi B, Derulo, Hawktuah, Milei, Trump...). Yes, they’re a huge part of the problem—those tokens would be worthless without them
• Some sophisticated players like Kelsier, making people think everything was "a casino" while profiting billions

Sources:

If you need a refresher on the Cardi B scam, here’s some material:

My thread

Bubblemaps breakdown: