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Hayden Davis, the alleged mastermind behind the controversial LIBRA and MELANIA token launches, has created a new cryptocurrency called WOLF. The new launch is despite being the subject of an Interpol notice, according to blockchain analytics firm Bubblemaps. In a detailed investigation conducted in collaboration with YouTube investigator Coffeezilla, Bubblemaps traced fund transfers revealing Davis as the creator of WOLF. This is a token that appeared to be associated with Jordan Belfort, a former stockbroker who inspired the Martin Scorsese film “The Wolf of Wall Street.” “In collaboration with Coffeezilla, we exposed Hayden Davis as the mind behind LIBRA, MELANIA, and other tokens. We thought his days of launching tokens were over. But we were wrong,” Bubblemaps stated in their report. Coffeezilla, whose real name is Stephen Findeisen, is a YouTuber known for his exposé videos on the crypto industry. WOLF gained popularity after being promoted by a WallStreetBets social media account on March 8. The token quickly reached a $40 million market capitalization before experiencing a price collapse in what appears to be another “rug pull” scheme. Blockchain analysis showed 82% of the token’s supply was controlled in a single bundle, a characteristic pattern in fraudulent token launches. Bubblemaps found out that Davis was behind it through on-chain analysis, tracing several transactions. “Starting with the $WOLF creator 6MsuHd, we followed funding transfers back across 17 addresses and 5 cross-chain transfers. All led to a single address: OxcEAe. The same one owned by Hayden Davis,” the report detailed. The investigation revealed that Davis had prepared for the launch months in advance. “He funded these wallets months before $LIBRA and $WOLF launched, moving money through 17 addresses and 2 chains,” Bubblemaps explained. Davis’s activities have been under international legal scrutiny following his involvement with the LIBRA meme coin. After Milei’s endorsement, LIBRA’s market capitalization briefly surged to over $4.5 billion before collapsing by more than 99% to approximately $18 million. Blockchain analysts subsequently revealed that certain insiders, including Davis, had sold large amounts of the token shortly after Milei’s endorsement. Argentine prosecutor Gregorio Dalbón has requested a judge issue an Interpol “Red Notice” for Davis. The prosecutor cited concerns that his financial resources might allow him to evade justice. The Red Notice would effectively make Davis wanted internationally. For Coffeezilla’s hour-long interview with Davis, see below.

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Javon Marks, a well-known market analyst, highlights a bullish outlook for PancakeSwap’s native token, CAKE. The price action forms higher lows, signaling a potential rally. A breakout could result in at least a 171% surge. If the trend holds, the long-term projection targets an astonishing 1,980% gain, pushing CAKE to $40.79. CAKE’s price action shows resilience as it establishes higher lows. This formation suggests growing buyer confidence. The price currently trades at $2.55 , reflecting a substantial distance from the projected $42.74 target. Historical trends show CAKE previously experienced a steep decline, but a breakout above the descending trendline has shifted market sentiment. Besides, price consolidation after the breakout confirms strong support. If CAKE maintains this structure, bullish momentum may accelerate. Increased trading volume aligns with major price movements , validating market participation. Buyers have actively defended key levels, preventing further dips. Moreover, the breakout above resistance marked a shift in market structure. A higher high and a higher low reinforce this positive trend. Hence, if this trajectory holds, a long-term rally could unfold. The technical chart illustrates a descending trendline that previously acted as resistance. However, CAKE’s recent higher lows challenge this bearish dominance. A key support zone has held firm, preventing further declines. Consequently, this price action suggests an imminent breakout. Additionally, projected price targets indicate upside potential. A short-term target of $8.35 could be the next resistance. However, if bullish momentum sustains, the long-term goal of $40.79 remains plausible. The percentage increase from current levels suggests an extraordinary gain for long-term holders. The MACD indicator signals a slight bearish trend , but price structure remains bullish. If buying pressure increases, CAKE could surpass resistance and continue its ascent. Furthermore, market sentiment appears to favor accumulation, increasing the likelihood of a sustained rally. Historical price movements reinforce this outlook. Previous peaks indicate the potential for massive rallies following significant breakouts. If CAKE follows past trends, another major bull run could be underway. The higher low formation serves as a strong confirmation of support. DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

A crypto investor reportedly lost $465.6K within an hour after attempting to snipe Kanye West’s YZY token. Lookonchain said the trader likely used an automated bot to purchase YZY as soon as West mentioned it. Additionally, they paid 75 SOL ($10K) in fees to prioritize the transaction. However, market fluctuations resulted in severe losses within a short period. Some traders made substantial profits in spite of the first difficulties. Crypto investor Larry Arnault claimed that after Kanye West’s support, his $2,000 investment in YZY soared to $100,000. Moreover, CoinDesk reported that the YZY token is structured to benefit Ye. He holds 70% of the total supply, while only 10% is allocated for liquidity and 20% for investors. This high centralization raises concerns about potential manipulation and sell-offs that could impact retail investors. The price chart for YZY/USD on a five-minute timeframe shows an initial consolidation phase, followed by a sharp breakout according to analyst 1000xgirl. The price surged rapidly before facing resistance, leading to a retracement. Higher lows formed along an ascending trendline, indicating bullish momentum. Multiple tests of this trendline suggest strong support. However, upper wicks on candlesticks show selling pressure at price peaks. The current price of 0.02359 remains above ascending support, hinting at a potential breakout if buyers maintain control . A move beyond the immediate resistance could push prices to new highs. Conversely, a breakdown below support may signal bearish momentum. Crypto analyst 1000xgirl remains optimistic. They predict an imminent bounce back and anticipate a move toward a new all-time high. Additionally, other tokens like RichTokenSOL are gaining traction, further intensifying the competitive landscape. DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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