Hailey Welch, a social media influencer, launched her own memecoin, Hawk Tuah, on December 4. The cryptocurrency crashed from $500 million to $60 million in just 20 minutes after launch.
Hailey Welch, commonly known as the Hawk Tuah Girl on the internet, launched her new memecoin $HAWK on Solana on December 4. The coin took off quickly and achieved a market cap of around $500 million, which then crashed to almost $60 million. , all within 20 minutes of launch. The news was further confirmed by Solana (SOL) on X.
Who is Hawk Tuah girl?
Welch first rose to fame as the “Hawk tuah girl” after a video of her went viral, with a comical onomatopoeic sound of spitting taking over social media earlier this year. With the meme, Welch quickly went from a minimum wage job to internet meme culture. Building on this viral moment, Welch launched the HAWK token.
The Rise and Fall of the HAWK Token
The massive drop of almost 88% in the HAWK token has reignited the discussion about the high volatility of memecoins in the cryptocurrency community. Some crypto users believe the token was initially built for carpet pulling, a cryptocurrency scam where developers drain liquidity or suddenly shut down a project, causing the token’s price to plummet.
According to content generated by the community on This refers to cases where early investors or bots obtain large amounts of tokens, limiting access to the broader community and exposing them to risk. These are often warning signs for the health of the project, as it appears that few people own the token. However, not all holders have sold their HAWKs, as posted by one user, ZeusLFG, reflecting strong optimism about the token.
At the time of writing, the token’s trading volume has increased exponentially by 951.67%, according to CoinMarketCap. As the debate continues, Hawk Token remains under close scrutiny, with community members demanding additional disclosures to confirm these claims and keep a close eye on this project.
