LIBRA Founder’s New WOLF Coin Crashes 99% Post Launch

Hayden Davis, alleged to have masterminded several pump-and-dump token scams, including LIBRA and MELANIA, has launched another coin. In an update, Bubblemaps, a blockchain analytics firm, highlighted how Davis tried to conceal the move from the authorities.

Ties to Jordan Belfort and WallStreetBets Promotions

Bubblemaps, working in collaboration with Coffeezilla, a renowned crypto scam investigator, identified Davis as the creator behind LIBRA and MELANIA. The duo noticed fund transfers in their investigation, which proved that Davis created WOLF.

On the surface, the

token has been associated with Jordan Belfort, a notable stockbroker who inspired the famous Hollywood film, “The Wolf of Wall Street.”

Notably, there were rumors that Belfort would launch a token in the crypto market. Interestingly, while WOLF tokens flooded the market, one stood out.

A WallStreetBets promoted WOLF token had its developer buy large amounts very early, using multiple wallets. The developer orchestrated a rug pull as soon as it reached a market capitalization of $40 million. That is, pulled liquidity, leaving investors holding worthless tokens.

Bubblemaps Exposes Davis’ Hidden Role

Blockchain analysis highlighted the obvious giveaway sign that it was a fraudulent token launch. A staggering 82% of the token supply was controlled in a single bundle. This implies that a few wallets had most of it, which is a typical scam move.

According to Bubblemaps, on-chain data revealed that the WOLF token followed HOOD’s transaction pattern. The token HOOD has also been linked to Davis.

Interestingly, a trace done on 17 wallet addresses and five cross-chain transfers associated the WOLF token’s creator, 6MsuHd, with a single address, 0xcEAe. Not surprisingly, this address belongs to Hayden Davis.

Interpol Hunt Continues For LIBRA Founder

Davis and his activities have been investigated after his involvement with LIBRA memecoin. The scale of the deception was so huge that Javier Milei, Argentina’s president, endorsed the token. This caused a remarkable but brief surge in LIBRA’s market capitalization to over $4.5 billion.

However, not long after, LIBRA suffered a collapse, and its value plummeted to about $18 million. This represents an over 99% decline in value.

Gregorio Dalbón, an Argentine prosecutor, recently requested the issuance of an Interpol “Red Notice” for Davis, which implies that Davis is an international fugitive.

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