Arkham tracks Kelsier Ventures wallets from nearly $300 million to $2 million

A little over a thousand crypto wallets once held nearly $300 million. Today, according to Arkham Intelligence, they hold around $2 million. The wallets belong to Kelsier Ventures, the Hayden Davis-led firm at the center of the LIBRA memecoin saga. That is the token Argentine President Javier Milei promoted before it collapsed. From a nine-figure stash to pocket change Arkham first tagged the addresses on February 19, 2025. It identified more than 1,000 wallets linked to Kelsier Ventures and Davis. At that point, the combined holdings sat at nearly $300 million. Most of that value was denominated in LIBRA, the token Kelsier helped bring to market. A meaningful chunk was not LIBRA at all. About $100 million sat in USDC and SOL that had been pulled from liquidity pools during the token’s launch. Fast forward to the latest on-chain snapshot. Arkham now shows the Kelsier-linked entity holding around $2 million, spread across approximately 1,200 addresses. Who is Kelsier Ventures Kelsier Ventures was registered in Delaware and established in 2021. It is a family operation, led by Hayden Davis, with his father Tom Davis and brother Gideon Davis holding significant roles. On paper, the fi...