Controversy Surrounds 'Hawk Tuah' Memecoin as Creator Faces Criticism and Potential SEC Probe

Shytoshi Kusama, the lead of the Shiba Inu ecosystem, has denied any involvement with the controversial HAWK meme coin, which was launched by influencer Haliey Welch and experienced a pump-and-dump shortly after its release. Kusama clarified that while they were approached to promote the coin, they declined, although they were open to airdrops to the SHIB community. Kusama criticized the HAWK coin's launch as "shameful" and advised the community to avoid it. The coin's value plummeted significantly, raising accusations of insider trading.