Investors have filed a lawsuit against the creators of the meme coin Hawk Tuah, accusing them of selling unregistered securities. After its launch on December 4, the capitalization of HAWK soared to $491 million, but soon fell by 90%. Social media users have called it a "pump and dump" scheme. Influential figure Hailey Welch denies insider trading, while YouTuber Coffeezilla claims it was not a "rug pull". 📉