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

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by Giorgi Kostiuk

10 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.

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