Influencer Hailey Welch, known online as Hawk Tuah Girl, launched her own memecoin called Hawk Tuah ($HAWK) on the Solana blockchain. Despite an initial market capitalization of $500 million, the cryptocurrency’s value plummeted to $60 million within just 20 minutes.

Who Is Hawk Tuah Girl?

Hailey Welch rose to internet fame thanks to a viral video featuring a comedic "hawk tuah" sound, reminiscent of a spitting noise. This meme propelled her into the world of internet culture, taking her from a minimum-wage job to becoming a notable online personality. Inspired by her viral success, she decided to launch the HAWK token.

Rapid Rise and Fall of the HAWK Token

The HAWK token experienced a meteoric rise, quickly reaching a market capitalization of $500 million, only to crash by 88% to $60 million within 20 minutes. This sharp drop sparked discussions in the crypto community about the extreme volatility of memecoins and potential scams.

Concerns About the Project’s Integrity

Some crypto users suspect the HAWK token might be a "rug pull", a scam where developers withdraw liquidity or abandon the project, causing the token’s price to collapse. According to community-generated posts on platform X, the token supply was allegedly "snipped," meaning large amounts of tokens were acquired by early investors or bots, limiting broader community access and increasing the risk of price manipulation.

Trading Activity Surges

Despite the controversy, not all holders sold their tokens. User ZeusLFG expressed optimism about HAWK’s future, suggesting that some in the community still believe in its potential. Data from CoinMarketCap showed that HAWK’s trading volume increased by 951.67%.

Project Under Scrutiny

Debates about the HAWK token continue, with the crypto community calling for greater transparency and evidence of the project’s legitimacy. While many are monitoring the memecoin with caution, its future remains uncertain.


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