The source says the wallet behind $WOLF, a token once valued at a $250 million all-time-high market capitalization, deployed a new token called $HOPPY after two years of inactivity.
A new token called $HOPPY surged 600% over the past 24 hours after being deployed by the wallet identified in the source as the $WOLF deployer. The post says the same deployer had been dormant for two years and links that wallet to $WOLF, which previously reached a $250 million all-time-high market capitalization. The move highlights how on-chain wallet activity, including token deployment (creating a new blockchain-based asset), can quickly attract speculative trading in the crypto market.