Hailey Welch AKA the “Hawk Tuah” woman, launched her personal Hawk Tuah crypto as a Solana meme coin known as HAWK. Unsurprisingly, it’s down greater than 90% after capturing to $500 million in market cap at launch.
HAWK’s market cap is lower than $40 million on the time of writing. It has processed over $23 million in buying and selling quantity whereas solely being dwell for 13 hours.
Hawk Tuah Lady Adopted The Celeb Playbook With What Appears to be like To Be But One other Pump And Dump
The token was launched by Welch, who went viral earlier this 12 months for her “Hawk Tuah” feedback in a avenue interview video posted on social media.
DexScreener stated HAWK went dwell at round 10 pm GMT on Wednesday. It was being teased and pushed closely by Welch on her X account and rapidly mooned to just about $500 million earlier than tanking over 90% to round $35 million on the time of writing.
On-line sleuths rapidly researched and located that Welch and her staff had sniped 96% of the token provide and have been promoting the entire approach down. Visualization information from Bubblemaps clearly reveals the cluster of wallets that sniped many of the HAWK provide.
Many customers on X started posting the Bubblemaps screenshot exhibiting the cluster of wallets allegedly belonging to the staff. The platform famous that at one level, insiders managed greater than 97% of the entire token provide.
97.5% provide in deployer pockets
Unimaginable stuff
You guys actually outdid yourselves as soon as once more https://t.co/ePQqfbVElV pic.twitter.com/SlxYmKPEVs
— Wazz (@WazzCrypto) December 4, 2024
Welch And Her Group Have Denied Rip-off Allegations
Copy and pasting:
Hawkanomics:
Group hasn’t offered one token and never 1 KOL was given 1 free token
We tried to cease snipers as greatest we may by excessive price’s within the begin of launch on @MeteoraAG
Charge’s have now been dropped pic.twitter.com/E7xN9VmCrx
— Haliey Welch (@HalieyWelchX) December 4, 2024
“The Group hasn’t offered one token, and never one KOL was given one free token,” Welch wrote on X Wednesday night. We tried to cease snipers as greatest we may by excessive charges at the beginning of the launch on Meteora; charges have now been dropped.”
Welch’s submit has since been group famous, stating; “The “staff” and insiders have truly been promoting their token since launch. A majority have by no means bought something and have solely offered the tokens they got. Hailey is mendacity and can seemingly need to “discuss tuah” choose about this.”
OverHere, which seems to be the staff behind HAWK’s launch, additionally defined on X that the 96% cluster seen on Bubblemaps reveals the tokens despatched by the deployer tackle to associated addresses in compliance with its tokenomics.
The meme coin’s tokenomics, posted by Welch on X, present that solely 10% of the provision goes to Welch and her staff with a 12-month lock and 3-year linear vesting interval.
“Haliey’s Group has offered completely no tokens whatsover,” OverHere wrote.
Hawk Tuah Crypto: X Areas With Coffeezilla And Welch’s Group Will get Heated
JUST IN: $HAWK (@HalieyWelchX) staff member @DocHollywoodArt yaps for 11 minutes defending the $HAWK launch
“If you happen to’re in crypto you are in all probability mentally unwell”
“We are attempting to have enjoyable”
“You guys ought to be kissing my a** as a result of im attempting to do one thing dope”
“Ship it to 0” pic.twitter.com/kgKMwhGBDK
— BlockNews (@blocknewsdotcom) December 5, 2024
The HAWK staff jumped on an X areas following the failed launch, hosted by Hailey herself. Cyber investigator, Coffeezilla, bought into it with one in every of Welch’s staff, DocHollywoodArt. The brazen moron went on a ten-minute rant defending the launch.
He stated, “If you happen to’re in crypto you’re in all probability mentally unwell, we are attempting to have enjoyable”. DocHollywoodArt completed by saying, “You guys ought to be kissing my a** as a result of im attempting to do one thing dope, ship it to 0”.
Through the areas, the blokes behind HAWK have been adamant that they didn’t rug pull the token and that there have been nonetheless many plans in place to onboard Hailey’s group and preserve the token going.
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The submit Another Day, Another Celeb Meme Coin Rugpull: Hawk Tuah Girl Rugs Her HAWK Token In Less Than 1 Hour appeared first on 99Bitcoins.