Hawk Tuah Girl’s $HAWK Meme Coin value crashes minutes after launch | World News – Times of India
On December 4, 2024, Hailey Welch, widely known as the "Hawk Tuah Girl," launched her much-anticipated $HAWK meme coin on the Solana blockchain. Initially, the cryptocurrency soared in popularity, reaching a staggering market capitalization of $500 million shortly after its debut. However, the meteoric rise was short-lived, as the coin’s value plummeted by 88% within minutes, settling at just $60 million.The dramatic crash has sparked widespread speculation and controversy, with several theories emerging about the potential causes:Rug Pull Allegations: Some industry insiders have raised concerns that $HAWK may have been subjected to a “rug pull.” This practice involves insiders or developers selling off large amounts of tokens, draining the project's liquidity and leaving other investors w...