1ïžâŁ Hawk Tuah Girlâs Meme Coin Faces Allegations of Rug Pull, Project Leads Deny Wrongdoing â
Hailey Welch, the âHawk Tuahâ girl, is facing rug pull and insider trading allegations after launching the âHAWKâ meme coin on Wednesday evening. For context, Welchâs memecoin climbed to a market capitalization of $490 million within 15 minutes of launch before immediately collapsing over 93% in value. Onchain analysts claim a web of interconnected wallets sold off vast sums of the token as soon as the public began buying it, pocketing over $3 million thanks to the move. According to Bubblemaps, 285 wallets collectively acquired some 96% of HAWKâs supply during token presales and giftings. The majority of these wallets dumped their tokens to make a quick profit. Welchâs team has pushed back against the allegations, claiming the observed sell-offs were standard elements of HAWKâs tokenomics roadmap.
2ïžâŁ Bitcoin Ordinals Startup, Project Spartacus Revive WikiLeaks Afghan War Logs đ
Bitcoin Ordinals startup OrdinalsBot and Project Spartacus (a group of anonymous Bitcoiners) are reportedly reigniting efforts to use the Ordinals protocol to inscribe the Afghan War Diary â a six-year archive of classified documents that contributed to a change in public understanding of the Afghan war. The revival is supported by Assange Campaign chairman Gabriel Shipton, who noted the importance of safeguarding the Afghan War Diary for future generations.
Shipton stated,
Obviously having all that data stored on-chain, forever immutable, is very important for our society to learn from our mistakes. That's what Julian was always about, publishing these secrets so that people can understand what went on, what happened, and hopefully make corrections to their institutions and their society.
3ïžâŁ Trump Names Ex-PayPal COO David Sacks As âAI And Crypto Czarâ âŒïž
U.S. President-elect Donald Trump has announced the appointment of venture capitalist and former Paypal COO David O. Sacks as the âWhite House A.I. and Crypto Czar.â Under this role, Sacks will reportedly oversee artificial intelligence and crypto policy initiatives for Trumpâs second term, marking a significant shift in the U.S.'s approach to emerging technologies. David will also lead the Presidential Council of Advisors for Science and Technology.
Trump stated,
I am pleased to announce that David O. Sacks will be the âWhite House A.I. & Crypto Czar. He will safeguard free speech online and steer us away from Big Tech bias and censorship. He will work on a legal framework so the crypto industry has the clarity it has been asking for and can thrive in the U.S.
4ïžâŁ Pudgy Penguins To Launch Solana-Based Official Token Pengu This Month âïž
Popular NFT project Pudgy Penguins has announced that it will launch its own cryptocurrency within this year. According to the announcement, the cryptocurrency named âPenguâ will launch on the Solana network with a total supply of 88,888,888,888. The team stated that 25.9% of Penguâs supply will be allocated to the Pudgy Penguins community, while 24.12% will be distributed to other communities and new "Huddle" members and roughly 17.8% will be set aside for current and future team members with a one-year cliff and a three-year vesting period. The company will retain 11.48% of the Pengu supply under the same conditions.
The project stated,
With PENGU, the millions of Pudgy Penguin fans and the hundreds of millions of people outside of crypto that see and share the Pudgy Penguin every day finally have the opportunity to align themselves with the character.
