maskedRhogue
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Bearish
Haliey Welch, aka Hawk Tuah Girl 🦅, launched the *$HAWK* memecoin in December 2024, riding her viral fame. Initially, the token skyrocketed to a $500M market cap 🚀, fueled by hype and FOMO. However, within *20 minutes*, it crashed by 90% 📉, wiping out millions as insiders dumped tokens, leaving investors stranded . On-chain data revealed *80-90% of supply* was controlled by a few wallets, suggesting a *pump-and-dump scheme* 💸.
Welch, who earned $125k upfront + promised 10% of tokens 🤑, later claimed ignorance, blaming a "friend of a friend" for mismanagement. Lawsuits and SEC probes followed, with penalties up to **$10M+ and 15 years jail** ⚖️. Her net worth, once $19M, now risks collapse as trust evaporated 😢. While she apologized, the crypto community labeled it a ********rug pull******* 🧨, underscoring meme coins' risks. **Lesson?** Hype ≠ value—always DYOR! 🔍.
Welch, who earned $125k upfront + promised 10% of tokens 🤑, later claimed ignorance, blaming a "friend of a friend" for mismanagement. Lawsuits and SEC probes followed, with penalties up to **$10M+ and 15 years jail** ⚖️. Her net worth, once $19M, now risks collapse as trust evaporated 😢. While she apologized, the crypto community labeled it a ********rug pull******* 🧨, underscoring meme coins' risks. **Lesson?** Hype ≠ value—always DYOR! 🔍.
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