The launch of the meme coin $HAWK by "Hawk Tuah Girl" turned out to be a loud failure

The crypto world is buzzing again! Hailey Welch, known as "Hawk Tuah Girl", launched her meme coin $HAWK, which initially skyrocketed, reaching a market capitalization of $490 million, and then plummeted to the bottom, losing 91% of its value in just a few hours.

What's the matter?

* Sharp rise and fall: $HAWK showed rapid growth immediately after launch, but just as quickly lost almost all of its value.

* Token concentration: The main issue lies in the fact that a significant portion of $HAWK tokens ended up concentrated in the hands of a few wallets. This raised suspicions of manipulation and insider trading.

* Accusations of manipulation: The community accused the creators and large holders of manipulating the token's price, leading to massive losses among investors.

This case serves as yet another reminder of the high risks associated with investing in meme coins. Be vigilant and conduct your own research before investing! ⚠️

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