Libra, Melania creator’s ‘Wolf of Wall Street’ memecoin crashes 99%

by

When Your Memecoin Goes from Wolf of Wall Street to Sheep in the Night 🐑💸

So, the genius behind the Libra (LIBRA) token decided to bless us with yet another memecoin. Because, you know, why not? This time, it’s a Solana-based gem called Wolf (WOLF), and it’s crashing harder than my hopes of ever getting a decent avocado toast in this economy. 😩

Meet Hayden Davis, the co-creator of the Official Melania Meme (MELANIA) and the Libra token. He’s back at it again, launching a new memecoin with a staggering 80% insider supply. I mean, who needs transparency when you can have a party with your own wallets? 🎉

On March 8, Davis thought it would be a great idea to ride the coattails of Jordan Belfort, aka the Wolf of Wall Street, and launch this token. Spoiler alert: it peaked at a $42 million market cap before plummeting faster than my self-esteem after a bad haircut. 💇‍♀️

According to a March 15 X post by Bubblemaps, the WOLF token had a suspiciously familiar pattern to another token launched by Davis. Shocking, right? It’s almost like he’s playing Monopoly with real money! 🤑

“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?”

Blockchain analytics showed that Davis was moving money around like it was a game of hot potato, with transfers across 17 different addresses. I guess he was just trying to keep things spicy! 🌶️

In a shocking twist, the Wolf memecoin lost over 99% of its value in just two days. It went from a peak of $42.9 million to a measly $570,000. Talk about a dramatic fall from grace! 📉

And just when you thought it couldn’t get worse, Davis’ latest launch comes on the heels of the Libra token’s epic collapse, where eight insider wallets cashed out $107 million. I mean, who needs a financial plan when you can just pull a Houdini? 🎩✨

Now, the Libra token has turned into a political hot potato, with Argentinian President Javier Milei facing potential impeachment for endorsing it. Because nothing says “I’m a responsible leader” like backing a meme coin! 🙄

Argentine lawyer Gregorio Dalbon is calling for an Interpol Red Notice for Davis, citing a “procedural risk.” I guess he’s worried Davis might take his memecoin money and run. Can’t blame him! 🏃‍♂️💨

Memecoins: The New Retail Value Extraction Tools? 🤔

According to Anastasija Plotnikova, co-founder and CEO of blockchain regulatory firm Fideum, memecoins are turning into “retail value extraction tools.” Because who doesn’t want to be exploited while trying to invest? Sounds like a fun Saturday night! 🎊

Plotnikova explains that memecoins have evolved from community-driven social experiments into a chaotic landscape of insider rings and pump-and-dump schemes. It’s like a reality show, but with more drama and less talent! 📺

“Insider rings, pump-and-dump schemes, and sniper groups have replaced the organic, collectible nature of original memecoins, creating an unhealthy playing field.”

Investors are now faced with the daunting task of distinguishing between genuine collectibles and outright fraud. It’s like trying to find a needle in a haystack, except the haystack is on fire! 🔥

And just when you thought it couldn’t get any worse, U.S. regulators are finally waking up to the memecoin madness. A New York lawmaker has introduced a bill to establish criminal

Read More

2025-03-16 16:10