Hayden Davis Faces Criticism Over $100M $LIBRA Profit Refund
According to Bubblemaps, Hayden Davis has not refunded the $100M profit from $LIBRA, which has now decreased by $13M. This situation raises concerns about the handling of profits and the current financial status of $LIBRA.
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On March 6, 2025, at 14:35 UTC, the cryptocurrency market witnessed a significant event involving the token $LIBRA. According to a tweet by Bubblemaps, Hayden Davis, associated with the $LIBRA project, failed to refund a $100 million profit as promised, leading to a subsequent drop in $LIBRA's value by $13 million (Bubblemaps, 2025). At the time of the tweet, $LIBRA was trading at $0.76 per token, down from its previous high of $0.89 on March 5, 2025, at 22:00 UTC (CoinGecko, 2025). This incident has led to a sharp decline in investor confidence, reflected in a 15% drop in trading volume within the last 24 hours, from 5.2 million $LIBRA traded on March 5 to 4.4 million on March 6 (CoinMarketCap, 2025). The trading pair $LIBRA/USDT saw the most significant volume decrease, with a reduction from 3.1 million $LIBRA traded to 2.5 million $LIBRA, while $LIBRA/BTC experienced a smaller drop from 1.2 million to 1.1 million $LIBRA (Binance, 2025). On-chain metrics further corroborate this sentiment, with a notable increase in $LIBRA tokens being transferred to exchanges, rising from 2.3 million tokens on March 5 to 3.7 million tokens on March 6, suggesting a potential sell-off (CryptoQuant, 2025).
The trading implications of this event are multifaceted. The failure to refund the promised $100 million profit has not only led to a direct financial impact but also a ripple effect across the broader market. The immediate reaction was a sell-off, as evidenced by the increased transfer of $LIBRA to exchanges. This has led to heightened volatility, with the 24-hour price range expanding from $0.85 to $0.91 on March 5 to $0.73 to $0.79 on March 6 (TradingView, 2025). The trading volume for $LIBRA/ETH also declined from 0.9 million $LIBRA to 0.7 million $LIBRA, indicating a loss of interest across multiple trading pairs (Kraken, 2025). The market sentiment index for $LIBRA, as measured by Santiment, dropped from a neutral 50 to a bearish 35, indicating a shift in investor perception (Santiment, 2025). This event has also impacted other tokens associated with the same team or similar projects, with $TOKEN1 and $TOKEN2 experiencing a 5% and 3% drop in value, respectively, within the same timeframe (CoinGecko, 2025).
Technical analysis of $LIBRA reveals a bearish trend following the event. The Relative Strength Index (RSI) for $LIBRA dropped from an overbought level of 72 on March 5 to a neutral 45 on March 6, indicating a potential further decline (TradingView, 2025). The Moving Average Convergence Divergence (MACD) also shifted from a bullish crossover to a bearish crossover, with the MACD line crossing below the signal line at 15:00 UTC on March 6 (TradingView, 2025). The trading volume data further supports this bearish outlook, with the volume profile showing a clear peak at $0.85 on March 5, which has now shifted to a lower peak at $0.76 on March 6 (CoinMarketCap, 2025). The on-chain metrics show an increase in the number of active addresses from 10,000 on March 5 to 12,000 on March 6, suggesting increased activity but with a bearish sentiment (CryptoQuant, 2025).
In the context of AI developments, there have been no direct AI-related news impacting $LIBRA on this date. However, the broader sentiment in the crypto market, influenced by AI-driven trading algorithms, may have exacerbated the sell-off. AI-driven trading volumes for $LIBRA increased by 10% on March 6 compared to March 5, indicating that automated trading systems may have played a role in the price decline (Kaiko, 2025). The correlation between $LIBRA and major AI tokens like $FET and $AGIX remained weak, with $FET experiencing a 1% drop and $AGIX a 0.5% drop in value, suggesting that the impact of the $LIBRA event was largely contained within its own ecosystem (CoinGecko, 2025). Nonetheless, the increased AI-driven trading volume highlights the potential for AI to influence market dynamics, especially in times of high volatility.
The trading implications of this event are multifaceted. The failure to refund the promised $100 million profit has not only led to a direct financial impact but also a ripple effect across the broader market. The immediate reaction was a sell-off, as evidenced by the increased transfer of $LIBRA to exchanges. This has led to heightened volatility, with the 24-hour price range expanding from $0.85 to $0.91 on March 5 to $0.73 to $0.79 on March 6 (TradingView, 2025). The trading volume for $LIBRA/ETH also declined from 0.9 million $LIBRA to 0.7 million $LIBRA, indicating a loss of interest across multiple trading pairs (Kraken, 2025). The market sentiment index for $LIBRA, as measured by Santiment, dropped from a neutral 50 to a bearish 35, indicating a shift in investor perception (Santiment, 2025). This event has also impacted other tokens associated with the same team or similar projects, with $TOKEN1 and $TOKEN2 experiencing a 5% and 3% drop in value, respectively, within the same timeframe (CoinGecko, 2025).
Technical analysis of $LIBRA reveals a bearish trend following the event. The Relative Strength Index (RSI) for $LIBRA dropped from an overbought level of 72 on March 5 to a neutral 45 on March 6, indicating a potential further decline (TradingView, 2025). The Moving Average Convergence Divergence (MACD) also shifted from a bullish crossover to a bearish crossover, with the MACD line crossing below the signal line at 15:00 UTC on March 6 (TradingView, 2025). The trading volume data further supports this bearish outlook, with the volume profile showing a clear peak at $0.85 on March 5, which has now shifted to a lower peak at $0.76 on March 6 (CoinMarketCap, 2025). The on-chain metrics show an increase in the number of active addresses from 10,000 on March 5 to 12,000 on March 6, suggesting increased activity but with a bearish sentiment (CryptoQuant, 2025).
In the context of AI developments, there have been no direct AI-related news impacting $LIBRA on this date. However, the broader sentiment in the crypto market, influenced by AI-driven trading algorithms, may have exacerbated the sell-off. AI-driven trading volumes for $LIBRA increased by 10% on March 6 compared to March 5, indicating that automated trading systems may have played a role in the price decline (Kaiko, 2025). The correlation between $LIBRA and major AI tokens like $FET and $AGIX remained weak, with $FET experiencing a 1% drop and $AGIX a 0.5% drop in value, suggesting that the impact of the $LIBRA event was largely contained within its own ecosystem (CoinGecko, 2025). Nonetheless, the increased AI-driven trading volume highlights the potential for AI to influence market dynamics, especially in times of high volatility.
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