Arkham tracks Kelsier Ventures wallets from nearly $300 million to $2 million
Key Summary
Arkham Intelligence has tracked the wallets of Kelsier Ventures, a firm at the center of the LIBRA memecoin saga, from nearly $300 million to around $2 million. The wallets, linked to Hayden Davis and his family, were identified by Arkham in a February 2025 on-chain snapshot. Initially, the combined holdings were valued at nearly $300 million, with most of that value denominated in LIBRA. The token's collapse led to allegations of insider trading and liquidity extraction, resulting in a class-action lawsuit that was dismissed in October 2026. Today, the Kelsier-linked entity holds approximately $2 million, spread across around 1,200 addresses.
The drastic devaluation of Kelsier Ventures' holdings highlights the volatility and regulatory challenges in the crypto market, impacting investor trust.