$HAWK: from frenzy to collapse
You ride a roller coaster of retweets, but on the other side of the peak, the bones feel harder when you fall. That was the story of a token that rose... and crumbled.
The memecoin $HAWK, launched by Hailey Welch, reached a value of $500 million in just a few hours and then collapsed by 95%. Bubblemaps showed that 96% of the supply was in closed clusters, releasing tokens from the start. Many insiders sold immediately, while the team raised over $2 million in transaction fees.
