🚀 Hawk Tuah memecoin soared to a whopping $491M market cap within hours of its Dec. 4 launch, only to nosedive by over 90% soon after. Investors cried foul, alleging a pump-and-dump scheme.

- Lawsuits are flying against the creators, including Tuah The Moon Foundation and influencer Haliey Welch.

- Welch denies insider trading, while YouTuber Coffeezilla debunks rug pull rumors, calling them "overblown."

Is this a case of meme magic gone wrong or just market madness? Share your thoughts below! 💬