The Rise and Fall of HAWK Memecoin

Hailey Welch, famously known as the "Hawk Tuah Girl," launched her much-anticipated memecoin, $HAWK, on the  Solana blockchain at 10:00 pm UTC on December 4.

Initially, the coin surged to a market cap of $500 million, only to plummet to $60 million within 20 minutes. This sharp decline left many investors reeling from heavy losses, with some claiming to have lost their life savings.

The sudden collapse has led to widespread accusations of Welch orchestrating a "rug pull" and running a pump-and-dump scheme, leaving the 21-year-old internet personality embroiled in controversy.