Hayden Davis has simply launched a brand new token known as $WOLF, whilst he has been topic to authorized consideration and an Interpol Purple Discover for his function in earlier token scandals.
The $WOLF token began getting consideration after the WallStreetBets (WSB) neighborhood hyped it, rising to a market capitalization of $40 million earlier than immediately falling aside in what seems to be a rug pull. On-chain consultants found that 82% of provide rested with a small listing of wallets, indicating insider manipulation.
Davis has additionally been recognized up to now to be behind $LIBRA and $MELANIA, two closely promoted memecoins which have subsequently collapsed.
Backed by Argentine President Javier Milei, the token misplaced $99 million in liquidity from its swimming pools throughout what analysts reported was an orchestrated exit rip-off. A fleeting coin additionally related to Davis, having on-chain data with indications that its workforce and $LIBRA are linked.
Blockchain information analytics firm Bubblemaps, along with Coffeezilla, initially uncovered Davis’ function within the tokens and cautioned that he may strive launching one other one. This latest probe affirms that he’s the mastermind behind $WOLF, though he tried concealing his id.
After the $LIBRA debacle, Argentine legal professional Gregorio Dalbon demanded an Interpol Red Notice on Davis, hoping that he can be arrested and extradited. Regulators and cryptocurrency regulators are watching him carefully within the meantime.
The launch of $WOLF serves as a reminder of the hazard of investing in influencer-supported memecoins. With Davis’ background of rug pulls, market manipulation, and authorized points, buyers are inspired to watch out and do diligent due diligence previous to collaborating in such tasks.
Additionally Learn: DOJ Targets $LIBRA Crypto Scam as Investors Lose Millions
