The cryptocurrency launched yesterday by viral influencer and podcast host Haliey “Hawk Tuah Girl” Welch has collapsed, leading some to speculate that the memecoin is a pump and dump scheme. Welch denied this and claimed everything was above board.
Back in June 2024, a video was released in which Welch was asked: “What move in bed drives men crazy every time?” Her response: “You have to give them ‘hawk tuah,’ and then throw up In that Tang Dynasty,” Crazy news on the Internet and quickly became a popular meme. This also sparked a lot of discussion. Then, months after the viral video faded from most people’s memories, Welch announces she’s doing a podcast On Jake Paul’s Sports Betting Network. During this time, she also announced a cryptocurrency called Hawkcoin that fans can purchase and invest in.
It is reported Web3 is heading for greatness and coin telegraphWelch’s Hawkcoin was a disaster. Memecoin was launched on December 4 and its total market capitalization quickly reached $490 million. Just a few hours later, the value of the token plummeted as people began selling en masse. As of this writing, Hawkcoin market cap hovers around $28 million, down nearly 95%. oops.
Such a rapid decline has led some to speculate that Welch and her team may have deliberately inflated the token, driving up its value and then selling off at its peak, making a lot of money in the process. Welch denied this and said she and her team did not exaggerate the value of the coins and blamed the crash on snipers. (These investors buy coins as soon as they become available, snapping up large amounts, and then sell them as quickly as possible in order to profit before the crash.)
“The team has not sold a single token nor provided 1 free token to 1 KOL.” Welch tweeted:. “When Meteora started, we tried to do our best to deter snipers by paying a lot of money.”
at the same time, The data seems to indicate Someone exchanged $1.4 million worth of MOODENG coins (based on the hippo the internet has been loving for weeks) into Hawkcoin, but apparently lost most of it after trying to exchange the hippo back. The future is bad, but at least some rich people are losing out in the most tragic ways.
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