0
0
YEREVAN (CoinChapter.com) â Hayden Davis, the creator of the LIBRA meme coin, has been identified as the force behind a new project called the WOLF token. The token, referencing Jordan Belfort, known as the âWolf of Wall Street,â appeared amid speculation that Belfort might launch his own cryptocurrency.
Blockchain data from Bubblemaps revealed that 82% of WOLFâs supply was held in a small number of wallets. This raised concerns about insider control. Meanwhile, authorities in Argentina continue investigating Davisâ role in the LIBRA token collapse, with legal experts calling for an Interpol Red Notice against him.
On March 15, blockchain analytics firm Bubblemaps reported that Hayden Davis launched WOLF using the same funding sources as his previous projects, including LIBRA and MELANIA coin.
The release of WOLF coincided with rumors that Jordan Belfort was planning to introduce a token with the same name. The speculation triggered the creation of multiple WOLF-branded tokens, including the one linked to Davis.
The WallStreetBets (WSB) community amplified interest in WOLF, pushing its market cap to $40 million. However, the tokenâs price collapsed soon after. Blockchain data showed that a small group of wallets controlled most of the supply, raising concerns about potential manipulation.
Further investigation by Bubblemaps traced WOLFâs funding across 17 addresses and five cross-chain transfers. The transactions eventually led to an address associated with Davis.
âStarting with the WOLF creator 6MsuHd, we followed funding transfers back across 17 addresses and 5 cross-chain transfers. All led to a single address: OxcEAe. The same one owned by Hayden Davis,â
Bubblemaps stated.
A DEX Screener chart showed a pattern similar to previous Davis-linked tokens, with a rapid price surge followed by a steep decline. The WOLF token supply remained concentrated in a few wallets.
The LIBRA meme coin, a previous project linked to Hayden Davis, became a political issue in Argentina. On Feb. 14, Argentine President Javier Milei briefly endorsed LIBRA, driving its market cap above $4 billion. The tokenâs price collapsed shortly after, losing over 99% of its value.
Blockchain analysts found that insiders holding large amounts of LIBRA sold over $100 million worth of tokens before the crash. The findings led to further scrutiny of Davisâ involvement.
Following the LIBRA collapse, authorities in Argentina launched an investigation into Hayden Davis. Lawyer Gregorio Dalbon has called for Interpol to issue a Red Notice, which could lead to his arrest and extradition.
Investigators continue to track wallet transactions, analyzing connections between Davis and his past projects. Blockchain analysts remain focused on identifying any new crypto trading activity tied to his known addresses.
0
0
Manage all your crypto, NFT and DeFi from one placeSecurely connect the portfolio youâre using to start.
