Hayden Davis' WOLF Token Crashes 99% in Two Days

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

Written by Aaron S.,

Editor-In-Chief

Last Updated: March 17, 2025

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

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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 $165.95 , 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.