• 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

7 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

Community Criticizes as 70 Billion CRO Restored After Cronos Vote

The restoration of 70 billion CRO faces community backlash, raising trust and governance concerns.

user avatarGiorgi Kostiuk

a minute ago

Binance Alpha 2.0: Streamlined Alpha Token Purchases

Binance highlights the Alpha 2.0 update, simplifying direct Alpha token purchases on the platform.

user avatarGiorgi Kostiuk

2 minutes ago

AI16Z: ElizaOS v2 Beta Released, But Token Remains in Decline

AI16Z has officially launched the beta version of ElizaOS v2, but the token continues its downward trend. Learn more about the team's development plans.

user avatarGiorgi Kostiuk

2 minutes ago

Meta’s Llama Models Achieve 1 Billion Downloads: AI Implications Unveiled

Meta's Llama models reach 1 billion downloads, underscoring their impact on AI and opening new horizons for AI development.

user avatarGiorgi Kostiuk

3 minutes ago

New StilachiRAT Trojan by Microsoft Steals Cryptocurrency via Browser Extensions

Microsoft discovered the StilachiRAT virus targeting 20 cryptocurrency extensions to steal data.

user avatarGiorgi Kostiuk

3 minutes ago

New York Court to Examine Lawsuit Over Libra Token Manipulation

New York Supreme Court will review a lawsuit alleging $100M fraud with Libra token.

user avatarGiorgi Kostiuk

4 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.