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Hayden Davis' $WOLF Token Launch: Interpol Attention and Market Manipulation

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by Giorgi Kostiuk

9 months ago

Hayden Davis has introduced a new token called $WOLF, even as he faces legal scrutiny and an Interpol Red Notice.

$WOLF Token Launch

The $WOLF token grabbed attention after being hyped by the WallStreetBets community, reaching a market cap of $40 million before collapsing. On-chain experts discovered that 82% of the supply was held by a small number of wallets, indicating possible insider manipulation.

Davis’ Past Projects

Davis is also known for his involvement with previous projects $LIBRA and $MELANIA, which collapsed after heavy promotion. The $LIBRA token, backed by Argentine President Javier Milei, lost $99 million in liquidity in an orchestrated exit. Blockchain data firm Bubblemaps, alongside Coffeezilla, exposed Davis' role.

Bubblemaps and Coffeezilla cautioned against potential manipulations.Blockchain data firm Bubblemaps

Regulators' Reaction

Following the $LIBRA scandal, Argentine attorney Gregorio Dalbon demanded an Interpol Red Notice for Davis, aiming for his arrest and extradition. Meanwhile, regulators are closely monitoring his activities.

$WOLF's case highlights the dangers of investing in influencer-backed memecoins. Given Davis' history of market manipulation and legal issues, potential investors are advised to exercise caution and conduct thorough research.

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