#Hawk #HawkTuahGirl

When we talk about the biggest memes of 2024, it’s impossible to ignore Hawk Tuah Girl. Hailey Welch shot to viral fame after her exaggerated “Hawk Tuah” comment during a street interview. Riding the wave of her internet stardom, she launched a memecoin named HAWK. However, controversy soon followed.

The Token Controversy

After the coin’s release, HAWK faced accusations of pre-issuance manipulation. According to Bubblemaps, a blockchain analytics platform, 96% of HAWK tokens were held by 285 wallets before the public launch. Once the token’s price surged, many of these wallets quickly sold off their tokens, causing a sharp price drop.

Denials and Lawsuits

Despite the backlash, Welch’s team denied any wrongdoing, insisting they never sold their allocated tokens or handed them over to others. Still, investors who purchased HAWK at its peak have taken legal action against Welch and her team, accusing them of market manipulation.

A Documentary in the Works

While the legal battle continues, a documentary about Hawk Tuah Girl is reportedly in production. It’s expected to shed light on the risks of celebrity-backed cryptocurrencies and the consequences of internet-driven financial hype.

The rise and fall of HAWK serves as a cautionary tale — both for influencers venturing into crypto and for investors chasing viral trends.