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Hawk Tuah Memecoin Faces Backlash After Rapid Crash Post-Launch

1 min read
Source: Kotaku
Hawk Tuah Memecoin Faces Backlash After Rapid Crash Post-Launch
Photo: Kotaku
TL;DR

Haliey "Hawk Tuah Girl" Welch's newly launched cryptocurrency, Hawkcoin, experienced a dramatic crash within hours of its release, dropping from a market value of $490 million to $28 million. This rapid decline has led to speculation of a pump and dump scheme, which Welch denies, attributing the crash to "snipers"—investors who quickly buy and sell to profit before a crash. Despite the controversy, Welch insists her team did not manipulate the coin's value.

Topics:businesscryptocurrency#cryptocurrency#haliey-welch#hawkcoin#memecoin#pump-and-dump
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  1. Hawk Tuah Girl's Crypto Coin Launches And Crashes Within Three Hours  Kotaku
  2. ‘Hawk Tuah’ Creator Haliey Welch Criticized For Memecoin Launch After Price Crashes  Forbes
  3. The 'Hawk Tuah' memecoin launch went just as poorly as you'd expect  Quartz
  4. ‘Hawk tuah’ girl Haliey Welch launches crypto memecoin—but insists it’s not a cash grab  Fortune
  5. Sell that thang: Hawk Tuah girl faces ‘pump and dump’ allegations as crypto coin collapses hours after launch  The Independent

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