đ¨ $HAWK Meme Coin Scandal: A Cautionary Tale đ¨
In a shocking turn of events, 22-year-old Haley Welch, also known as the "Hawk Tuah girl," has allegedly scammed her followers out of $50 million. After gaining viral fame on TikTok and starting a podcast, she launched the $HAWK meme coin. The coin saw an explosive rise, reaching a market cap of $500 million before crashing to a mere $25 million in a matter of minutes.
When the price plummeted, Welch falsely claimed that the development team hadn't sold any tokens. However, it was later revealed that 96% of the coin's supply was held by one large wallet, and 89 smaller wallets sold everything almost immediately. This scam was exposed by popular investigative YouTuber, Coffeezilla.
In a rather unrepentant move, Welch attempted to justify her actions before retreating and claiming she was "too tired" to deal with the fallout. This incident serves as a reminder of the risks involved with celebrity-endorsed crypto projects. In the fast-paced world of meme coins, itâs crucial to perform your own due diligence before jumping in.
Pro Tip: Always research thoroughly and understand the project you're supportingâespecially when celebrities are involved. Don't fall for the hype!
