Hawk Tuah Girl's Memecoin Faces Backlash Amid Allegations and Price Crash
Haliey Welch, known as "Hawk Tuah Girl," launched a meme coin called $HAWK, which saw its value skyrocket and then plummet by 95% within hours, leading to accusations of a pump-and-dump scheme. Investors are considering legal action, and Welch's team has struggled to provide satisfactory explanations. Allegations include insiders profiting from the crash, and Welch's involvement has drawn criticism for potentially misleading her fans. The incident highlights the risks of influencer-led crypto ventures.