About a new controversial project after the LIBRA fiasco
Already involved in the LIBRA scandal related to Argentine President Javier Milei, Hayden Davis is now accused of orchestrating the pump & dump scheme of the memecoin WOLF, which went from $43 million to less than $500,000.
On-chain analysis by Bubblemaps revealed direct connections between Davis and WOLF, tracing the funds through 17 wallets and 5 inter-chain transfers from an address belonging to him.
An Argentine prosecutor has requested an Interpol red notice against Davis following the LIBRA fiasco, while the SEC reminds that memecoins are not considered financial securities, limiting legal recourse.
A new controversial project after the LIBRA fiasco
Already at the center of a scandal involving the LIBRA token, linked to Argentine President Javier Milei, Hayden Davis is making headlines again with a new memecoin, WOLF of Wall St (WOLF). It reached a market capitalization of $43 million before plunging by 99% in a few days, worth less than $500,000 at the time of writing this article.
The project, inspired by former trader Jordan Belfort, was heavily promoted by the account X @wallstreetbets, referring to the famous subreddit specializing in speculative trades. However, behind this operation, direct connections with Davis have been highlighted by the blockchain analysis platform, Bubblemaps.
A trace on-chain linking Davis to WOLF
Bubblemaps claims to have traced the origin of the WOLF memecoin back to an address used by Davis for several other tokens, including LIBRA and the Official Melania Meme Token. The platform’s analysis reveals a complex pattern of financial transfers, tracing back to a single address (OxcEAe… belonging to Davis), through 17 wallets and 5 inter-chain transfers.
“Why did Hayden do this? Perhaps he thought no one would trace it back to him,” wrote Bubblemaps on X. The investigation shows that the funds were moved months before the launch of LIBRA and WOLF, suggesting careful preparation of these projects.
Red Notice Interpol: An international arrest warrant in preparation
This new memecoin collapse comes as Argentine authorities are trying to arrest Davis. Indeed, an Argentine prosecutor has requested the issuance of an Interpol red notice against him, indicating that a national arrest warrant is underway.
The LIBRA scandal, nicknamed “Libragate,” continues to shake Argentine politics. The involvement of President Milei in this affair has caused tensions in parliament, leading to physical altercations between rival parties.
Memecoins under surveillance but out of reach of the SEC
As the popularity of memecoins skyrockets, the Securities and Exchange Commission (SEC) has recently hinted that these tokens are not considered financial securities and therefore escape its regulation. However, it warns against the risks of fraud in this sector where investors are largely unprotected by the law.
Between dubious financial maneuvers, token collapses, and explosive political implications, Hayden Davis emerges as a key figure in recent crypto scandals. His arrest could mark a major turning point in the fight against memecoin-related fraud.
