CandleFocus Newly launched memecoin HAWK crashes from nearly $500M to $60M market cap in 20 mins
2024-12-05
Author: Content Editor
Hailey Welch, known as the Hawk Tuah Girl, launched her own memecoin called Hawk Tuah on Solana. The cryptocurrency's market cap quickly reached $500 million before crashing to $60 million within just 20 minutes of its launch. Some believe the token was initially created for a cryptocurrency scam known as rug pulling. There are also claims that the token's supply was sniped, leaving the broader community with less access. Despite the crash, there are still optimists holding on to their HAWK tokens. The token's trading volume has significantly increased, and the community is demanding more information and transparency regarding the project.
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