Hawk Tuah Girl's meme coin crashes from $500m to $60m in minutes, fans in meltdown

Category: Cryptocurrency

Hailey Welch's memecoin $HAWK launched on Solana, initially valued at $500 million, plummeted to $60 million within 20 minutes, leading to accusations of a scam. Buyers, many of whom were her fans, reported losing significant amounts of money, with some claiming to have lost their life savings. The incident has raised concerns about the risks associated with celebrity-endorsed cryptocurrencies.

Keywords: memecoin, rug pull, cryptocurrency crash

Source: Hindustan Times

Update At: 12/6/2024

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