Viral influencer and podcast host Haliey “Hawk Tuah Girl” Welch’s crypto coin, launched yesterday, has already crashed, leading some to speculate that memecoin was a pump and dump scheme. Welch denied this and claimed everything was above reproach.
In June 2024, a video was released in which Welch was asked, “What is the move in bed that drives a man crazy every time?” His response: “You gotta give them that ‘hawk tuah’ and spit on that thing.” » went viral online and quickly became a popular meme. This also gave rise to much debate. Then, months after the viral video had faded from most people’s memories, Welch announced she was doing a podcast on Jake Paul’s sports betting network. And during all of this, she also announced a crypto coin called Hawkcoin that fans could buy and invest in. As expected, it went badly.
As reported Web3IsGoingGreat And CoinTelegraphWelch’s Hawkcoin was a disaster. The memecoin was launched on December 4 and quickly reached a total market value of $490 million. Hours later, the coin’s value collapsed as people began selling in droves. At the time of writing these lines, Hawkcoin’s market value hovers around $28 million, down almost 95%. Yeah.
Such a rapid decline has some people speculating that Welch and his team could have deliberately inflated the coin, increasing its value, then dumping it at its peak and making a lot of money in the process. Welch denied this, saying she and her team had not inflated the coin’s value and blamed the accident on snipers. (These are investors who jump as soon as a coin is available to buy, grab a ton of it, and sell it as quickly as possible to make a profit before a crash.)
“The team did not sell a single token and no KOL received a free token,” Welch said in a Twitter post. “We tried to stop the snipers as best we could by paying high fees at the start of the launch on Meteora.”
In the meantime, the data seems to indicate that someone dumped $1.4 million worth of MOODENG coin (based on the hippo that the internet loved for a few weeks) for Hawkcoin and apparently lost most of it after trying to get back to the hippo coin . The future sucks, but at least some rich people are losing in the saddest way possible.
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