“The HAWK Token exhibits all the characteristics of an unregistered security under established legal precedent,” litigants claimed.
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The coin quickly crashed and lost most of its value in a matter of hours. ‘Hawk Tuah Girl’ Meme Coin HAWK Goes Kaput Within Hours of Launch Haliey Welch, more commonly known as “Hawk Tuah Girl” on the Internet, launched a much-hyped-about Solana-based meme coin HAWK on Dec. 4. Within hours, it cratered by more […]
]]>On December 4, 2024, internet personality Hailey Welch launched the $HAWK token, leveraging her fame as the “Hawk Tuah” girl to attract trusting fans. What began as a promising cryptocurrency project quickly unraveled into a carefully orchestrated rug pull, leaving investors with devastating losses. The launch initially generated excitement, with $HAWK reaching a $500 million market cap as bots and retail investors rushed in. However, behind the scenes, the project’s foundation was riddled with red flags. A single wallet purchased 97% of the token’s supply using 4,195 SOL ($1.01 million), only to dump the tokens for 11,616 SOL ($1.66 million)
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