Summary:
Haliey Welch faced backlash over her failed HAWK memecoin venture.
HAWK's value plummeted by over 90% shortly after launching.
Welch abruptly ended a live discussion, stating she was going to bed.
Concerns raised over insider trading and the risks of investing in memecoins.
Hawk Tuah Girl Faces Backlash Over Failed Memecoin
Haliey Welch, known as the Hawk Tuah Girl, recently found herself at the center of controversy during a X Spaces session, where she faced accusations regarding her failed HAWK memecoin venture. In a striking moment, she abruptly announced that she was "going to bed," leaving the audience in shock.
During the session, hosted by YouTuber Voidzilla, Welch was questioned by crypto expert Nick OâNeal about the token fees associated with HAWK, which had plummeted by more than 90% shortly after its launch. The memecoin, which launched on the Solana blockchain, initially surged in value but quickly fell, leading to allegations of a scam.
HAWK launched at a price of $0.005492 and reached a market cap of $490 million before crashing to just $60 million. Many have speculated that the steep decline was due to insider trading and snipers controlling a significant portion of the token's supply.
A Mic-Drop Moment
Haliey interrupted OâNeal mid-question, stating, "Iâm going to go to bed and Iâll see you guys tomorrow," which prompted a surprised reaction from Nick. The incident has since sparked discussions about the accountability of memecoin creators and the risks involved for investors.
Memecoins, often based on memes and pop culture, have gained notoriety for their volatile nature, with many investors facing significant losses. The HAWK venture has raised questions about investor protection in the cryptocurrency space.
Haliey Welch, facing backlash over her failed memecoin venture (Image: Getty Images)
Key Takeaways
- Haliey Welch shut down accusations of her memecoin being a scam during a live session.
- The HAWK memecoin experienced a significant drop of over 90% in value shortly after launch.
- Welch's sudden exit from the conversation left many shocked and raised concerns about the accountability of cryptocurrency creators.
- The discussion highlights the risks associated with investing in memecoins.
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