Hayden Davis, the controversial CEO of Kelsier Ventures, is once again at the center of an crypto scandal. After he was involved in the Libra meme scandal (which rocked Argentina’s political landscape), Davis resurfaced with another dubious project – $Wolf. Let’s take a look at the latest crypto scandal and the story behind the infamous CEO.
Hayden Davis returns with new meme coins – $Wolf
Kelsier Ventures CEO Hayden Davis (the mastermind behind the Libra scandal) faces charges again. This time it was because he was involved in the collapse of Wolf Meme Coin, which once peaked with a $40 million market cap.
Wolf, representing winspired by legendary stockbroker Jordan Belfort, also known as the “Wolf of Wall Street.” Wolf’s development team was originally promoted by the X account @WallStreetbets, allegedly using multiple wallets to “snipe” tokens and buying a large amount of prices in advance to manipulate prices. The monument soared to its $40 million market cap, then dropped 99%, and is now worth just $508,000. Bubblemaps found that 82% of the token supply is controlled by a linked wallet network.
Source: CoinMarketCap
Investigators trace Wolf’s origins to the wallet Davis used to deploy Libra, as well as memorials related to former First Lady Melania Trump.
On April 8, Wallstreetbets was promoted $Wolf Token
•Developers snipe it with multiple wallets
•Saizaki
•82% supply bundled pic.twitter.com/7kiz50OWQP– Bubble (@bubblemaps) March 15, 2025
Wolf launched a few days ago wealth Report Argentine prosecutors asked the judge to issue an Interpol red notice to Hayden Davis. The notice reminds Interpol member states that Argentina has issued a legal warrant for him.
Overview of the Libra meme scandal
The Libra commemorative scandal broke out in February 2025, throwing Argentine President Javier Milei into a political crisis. Libra launched on the Solana blockchain has been promoted to an official Argentine cryptocurrency related to Miller’s liberal agenda. After its launch, it attracted attention and a market capitalization of $4.4 billion. However, the value of the token collapsed within hours, eliminating investor funds and triggering allegations of mass scams. Hayden Davis, CEO of Kelsier Ventures, is also a key figure behind Libra, claiming that Milei recognized and promoted the token. But Miley’s office later denied any official contacts and said Davis had no relationship with the government. This contradiction exacerbates allegations of fraud and market manipulation.
Miley faced strong criticism from the opposition party, who asked him to impeach, and he denied detailed knowledge, calling it a private initiative. The scandal attracted comparisons to other celebrity-backed meme failures (such as Jenner Tokens) and led to criminal fraud charges against Miley. An Argentine lawyer then requested an Interpol notice to Davis and marked it as a “scam planner.”
The collapse not only destroyed investors, but also damaged Miley’s credibility and exacerbated Argentina’s economic challenges. The Libra legend remains a cautionary tale of meme fluctuations, political exploitation and regulatory gaps in crypto spaces. Meanwhile, ongoing investigations threaten Milei’s presidency, with Davis facing global legal pursuits.
