Hayden Davis, the controversial CEO of Kelsier Ventures, is once again at the center of a crypto scandal. Following his involvement in the LIBRA meme-coin scandal, which shook Argentina’s political landscape, Davis has resurfaced with another questionable project—$WOLF. Let’s take a look at the newest crypto scandal and what the story is behind this infamous CEO.
Hayden Davis comes back with a new meme coin—$WOLF
Hayden Davis, CEO of Kelsier Ventures—the mastermind behind the scandal of LIBRA—is once again facing allegations. This time is for his involvement in the collapse of the WOLF meme coin, which once peaked at a $40 million market cap.
WOLF, which stands for Wolf of Wall St, was inspired by legendary stockbroker Jordan Belfort—also known as “the wolf of Wall Street.” Initially promoted by the X account @wallstreetbets, WOLF’s development team allegedly used multiple wallets to “snipe” the token—buying large amounts early to manipulate prices. The memecoin skyrocketed to a $40 million market cap before plummeting by 99%, now valued at just $508,000. Bubblemaps uncovered that 82% of the token supply was controlled by a network of linked wallets.
Source: CoinMarketCap
Investigators traced WOLF’s origins back to a wallet that Davis used to deploy LIBRA and a memecoin associated with former First Lady Melania Trump.
4/ On March 8, wallstreetbets promoted a $WOLF token
• the dev sniped it with multiple wallets
• It reached a $40M market cap before rugging
• 82% of its supply was bundled pic.twitter.com/7KIZ50oWqp— Bubblemaps (@bubblemaps) March 15, 2025
WOLF was launched just days before Fortune reported that an Argentine prosecutor had requested a judge to issue an Interpol Red Notice for Hayden Davis. This notice alerts Interpol member states that Argentina has issued a legal arrest warrant for him.
Overview of the LIBRA meme-coin scandal
The LIBRA memecoin scandal erupted in February 2025, plunging Argentine President Javier Milei into a political crisis. LIBRA, launched on the Solana blockchain, was promoted as an official Argentine cryptocurrency tied to Milei’s libertarian agenda. Right after launching, it gained massive attention and a $4.4 billion market cap. However, the token’s value crashed within hours, wiping out investor funds and sparking allegations of a massive scam. Hayden Davis, CEO of Kelsier Ventures and a key figure behind LIBRA, claimed Milei had endorsed and promoted the token. But Milei’s office later denied any official connection, stating Davis had no ties to the government. This contradiction fueled accusations of fraud and market manipulation.
Milei faced intense criticism from opposition parties, who demanded his impeachment, while he denied detailed knowledge, calling it a private initiative gone wrong. The scandal drew comparisons to other celebrity-backed meme-coin failures, like the Jenner token, and led to criminal fraud charges against Milei. An Argentine lawyer later requested an Interpol notice for Davis, labeling him a “scam mastermind.”
The collapse not only devastated investors but also damaged Milei’s credibility, exacerbating Argentina’s economic challenges. The LIBRA saga remains a cautionary tale of memecoin volatility, political exploitation, and regulatory gaps in the crypto space. Meanwhile, ongoing probes threaten Milei’s presidency, and Davis faces global legal pursuit.
