1 day ago
17
Hayden Davis has conscionable introduced a caller token called $WOLF, adjacent arsenic helium has been taxable to ineligible attraction and an Interpol Red Notice for his relation successful erstwhile token scandals.
The $WOLF token started getting attraction aft the WallStreetBets (WSB) assemblage hyped it, rising to a marketplace capitalization of $40 cardinal earlier abruptly falling isolated successful what appears to beryllium a rug pull. On-chain experts discovered that 82% of proviso rested with a tiny database of wallets, indicating insider manipulation.
Hayden Davis Launches $WOLF, Source: XDavis has besides been known successful the past to beryllium down $LIBRA and $MELANIA, 2 heavy promoted memecoins that person subsequently collapsed.
Backed by Argentine President Javier Milei, the token mislaid $99 cardinal successful liquidity from its pools during what analysts reported was an orchestrated exit scam. A fleeting coin besides associated with Davis, having on-chain records with indications that its squad and $LIBRA are connected.
Blockchain information analytics institution Bubblemaps, unneurotic with Coffeezilla, initially exposed Davis’ relation successful the tokens and cautioned that helium mightiness effort launching different one. This caller probe affirms that helium is the mastermind down $WOLF, though helium tried concealing his identity.
After the $LIBRA debacle, Argentine lawyer Gregorio Dalbon demanded an Interpol Red Notice connected Davis, hoping that helium would beryllium arrested and extradited. Regulators and cryptocurrency regulators are watching him intimately successful the meantime.
The motorboat of $WOLF serves arsenic a reminder of the information of investing successful influencer-supported memecoins. With Davis’ inheritance of rug pulls, marketplace manipulation, and ineligible issues, investors are encouraged to beryllium cautious and bash diligent owed diligence anterior to participating successful specified projects.
Also Read: DOJ Targets $LIBRA Crypto Scam arsenic Investors Lose Millions
English (US) ·