CandleFocus Hawk Tuah Memecoin Crashes 91%: Controversy Surrounds Its Launch
2024-12-05
Author: Content Editor
HAWK token, created by influencer Haliey Welch, experienced a 91% drop in value shortly after its launch, leading to concerns of insider trading and market manipulation. Insider wallets and snipers were found to control 91% of the token's supply at launch, sparking accusations against Welch's team. Welch denied allegations of free token distribution and market manipulation, but data revealed one wallet made a significant profit within hours of launch. Many investors incurred significant losses, leading to complaints being filed with the SEC and potential legal consequences for Welch and her team.
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