Hayden Davis, the creator of the controversial LIBRA meme coin, is said to have launched a new token called WOLF. This token is inspired by the famous character Jordan Belfort, also known as the 'Wolf of Wall Street', who is rumored to be launching his own meme coin.
Davis' latest project comes as he is under close scrutiny for his role in the LIBRA scandal.
On-Chain Data Links WOLF to MELANIA and LIBRA Meme Coin
On March 15, blockchain analytics firm Bubblemaps reported that Davis had launched WOLF. The company revealed that he had used the same funding sources as his previous tokens, including MELANIA and LIBRA.
The launch of WOLF coincides with rumors that Jordan Belfort, known as the "Wolf of Wall Street", is planning to introduce a token of the same name. This announcement has triggered a series of WOLF-branded tokens on the market, including Davis' version.
This new token has attracted attention after the WallStreetBets (WSB) community increased its presence, pushing the market capitalization to $40 million.
However, like other coins associated with Davis, this growth was short-lived, as the value of WOLF collapsed in what analysts suspect was a "rug pull" event. Blockchain data shows a small group of wallets holding 82% of the token supply, indicating internal control.
Hayden Davis' Connection to the WOLF Meme Coin. Source: BubblemapsFurther analysis by Bubblemaps traced the origin of the token through multiple wallet transfers. Ultimately, it was linked to an address associated with Davis, reinforcing suspicions about his involvement.
"Starting from the creator of WOLF 6MsuHd, we have traced the funding transfers through 17 addresses and 5 cross-chain transfers. All of them lead to a single address: 0xCEA. This address belongs to Hayden Davis," Bubblemaps said.
WOLF Token Pump-and-Dump. Source: DEX ScreenerDavis' Troubled History in Meme Coins
Davis' latest project comes as he is under close scrutiny for his role in the LIBRA meme coin scandal. His troubles began when LIBRA, a token he helped create, became the center of a political controversy involving Argentine President Javier Milei.
On February 14, Milei temporarily endorsed LIBRA, causing its market capitalization to surge to over $4 billion. However, this was followed by a devastating collapse, wiping out more than 99% of its value.
Blockchain analysts found that insiders holding large amounts of LIBRA before Milei's endorsement withdrew over $100 million immediately after his post.
Subsequently, Davis confirmed his involvement in the project and also admitted to launching a token related to former US First Lady Melania Trump.
Following these events, authorities in Argentina have opened an investigation into the LIBRA case. Additionally, Argentine lawyer Gregorio Dalbon has called for Interpol to issue a red notice for Davis, a move that could lead to his arrest and extradition.
