Hawk Tuah Memecoin Faces Backlash and Plummets 90%

Haliey Welch, known for the viral "Hawk Tuah" meme, faces backlash after her newly launched cryptocurrency, "Hawk," plummeted in value shortly after reaching a $490 million market cap. Critics, including YouTube investigator Coffeezilla, accuse Welch of orchestrating a "pump and dump" scheme, though she denies selling any tokens. The incident highlights the risks associated with meme coins, which have gained popularity but often lack investor protection. Welch claims the coin was launched to combat imposters and unite her fanbase.