Hawk Tuah Girl's Memecoin Faces Backlash Amid Rug Pull Allegations

1 min read
Source: Gizmodo
Hawk Tuah Girl's Memecoin Faces Backlash Amid Rug Pull Allegations
Photo: Gizmodo
TL;DR

Hailey Welch, known as the "Hawk Tuah girl," launched a memecoin called HAWK on the Solana blockchain, which saw its market cap plummet from $490 million to $28.4 million within a day, sparking accusations of a rug pull. Welch denies her team sold any tokens, attributing the drop to market dynamics and high initial fees to deter snipers. Despite her claims of no cash grab intentions, the coin's purpose remains speculative, with no clear benefits for holders.

Share this article

Want the full story? Read the original reporting

Read on Gizmodo