• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Hayden Davis and $WOLF: Rise and Fall in the Crypto Market

user avatar

by Giorgi Kostiuk

8 hours ago


Hayden Davis, previously known for the controversial LIBRA token, is once again in the limelight with a new memecoin called $WOLF.

The Rise and Fall of $WOLF

$WOLF launched with excitement, driven by WallStreetBets' support, reaching a $40 million market cap. However, it soon lost 99% of its value, leaving it at $481,000. Bubblemaps analysts found that 82% of tokens were controlled by a few wallets, raising concerns about a potential scam. Investigations traced these operations back to Davis.

$WOLF: Scam or Opportunity?

$WOLF appears to follow the pattern of Davis' previous ventures. Promoted on X, the token initially attracted great interest but soon plummeted. Bubblemaps discovered a network of wallets suggesting Davis was behind the scheme from the start.

Davis: A History of Controversy

Davis is linked with several failed projects including $LIBRA, which collapsed dramatically. His ventures are characterized by questionable practices, making him a controversial figure in the cryptocurrency world.

The $WOLF case raises important questions about the future of memecoins. While projects like Dogecoin thrive, the lack of regulation creates a breeding ground for scams.

0

Share

Other news

Market Faces Tech Giants Drop Amid Fed Decision Awaiting

Tech market faced decline awaiting Fed's decision. Key stocks like Tesla and Nvidia significantly dropped in value.

user avatarGiorgi Kostiuk

2 minutes ago

CrossFi Study: How Cryptocurrency is Used in 2025

CrossFi's 2025 study reveals global crypto usage trends, focusing on Web3 banking perceptions.

user avatarGiorgi Kostiuk

3 minutes ago

FINMA Approval: BX Digital Takes a Leap in Tokenized Asset Trading

BX Digital approved by FINMA to launch a regulated platform, opening up new avenues for tokenized asset trading.

user avatarGiorgi Kostiuk

3 minutes ago

Bitcoin: Current Market Movements and Expectations Analysis

Exploring Bitcoin’s decline, stablecoin inflow, and institutional investments.

user avatarGiorgi Kostiuk

7 minutes ago

How Web3 Projects Transform the Gaming World: ApeCoin, Illuvium, Axie Infinity

Explore the impact of ApeCoin, Illuvium, and Axie Infinity on digital economy and virtual worlds.

user avatarGiorgi Kostiuk

10 minutes ago

Shiba Inu Faces Crucial Test Amid Price Movement Potential

Shiba Inu (SHIB) is at a critical juncture as it faces an essential supply test that could determine its pricing trajectory.

user avatarGiorgi Kostiuk

11 minutes ago

dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.