Hawk Tuah Memecoin Faces Backlash After Rapid Crash Post-Launch
TL;DR Summary
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.
- Hawk Tuah Girl's Crypto Coin Launches And Crashes Within Three Hours Kotaku
- ‘Hawk Tuah’ Creator Haliey Welch Criticized For Memecoin Launch After Price Crashes Forbes
- The 'Hawk Tuah' memecoin launch went just as poorly as you'd expect Quartz
- ‘Hawk tuah’ girl Haliey Welch launches crypto memecoin—but insists it’s not a cash grab Fortune
- Sell that thang: Hawk Tuah girl faces ‘pump and dump’ allegations as crypto coin collapses hours after launch The Independent
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