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Libra’s Creator Strikes Again: WOLF Token Tanks 99% in Two Days

Key Takeaways

  • The WOLF token launched on March 8, surged to a $42 million market cap, then lost over 99% in two days;
  • Blockchain data revealed that 82% of WOLF’s supply was controlled by a single entity, raising insider concerns;
  • Analytics traced WOLF’s funds to 17 addresses linked to Hayden Davis, suggesting pre-planned fund movements.

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Libra’s Creator Strikes Again: WOLF Token Tanks 99% in Two Days

A new meme coin called Wolf (WOLF) launched on March 8, briefly reaching a $42 million market capitalization before crashing by over 99% in just two days.

The project was created by Hayden Davis, who had previously been involved in the Libra (LIBRA) token and Official Melania Meme (MELANIA).

WOLF’s collapse followed a similar pattern to LIBRA, which lost billions in market value within hours after eight insider wallets withdrew $107 million in liquidity. LIBRA’s failure even became a political issue when Argentine President Javier Milei faced impeachment risks after promoting the token.

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Davis released WOLF on Solana SOL $125.28 , trying to capitalize on speculation that Jordan Belfort, known as the "Wolf of Wall Street", was planning his own token. However, blockchain data showed that 82% of WOLF’s supply was controlled by a single entity, raising concerns about insider activity.

On March 15, analytics firm Bubblemaps pointed out similarities between WOLF and another token linked to Davis, stating:

The bubble map revealed something strange—WOLF had the same pattern as HOOD, a token launched by Hayden Davis. Was he behind this one too?

Further analysis traced WOLF’s funds to 17 different addresses, all connected to a wallet labeled "OxcEAe", which was reportedly controlled by Davis.

According to Bubblemaps, he had moved money through these wallets months before launching WOLF and LIBRA.

Recent reports suggest that the popularity of meme coins may be fading. What did Nic Carter say about it? Read the full story.

Aaron S. Editor-In-Chief
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.

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