HAWK memecoin skyrockets, crashes, and raises questions about Haliey Welch's crypto venture intentions amidst growing controversy.
Known for her quirky catchphrase and viral fame earlier this year, Welch has since built a brand empire, including a merchandise line and podcast featuring high-profile guests like Mark Cuban.Welch believes that HAWK aims to change how people view cryptocurrency and not just fuel speculation.
However, questions surrounding the token’s purpose and valuation remain, as her manager, Jonnie Forster, sidesteps inquiries into its legal framework. “We don’t want to break securities laws. We would say that we’re almost, like, tokenizing, in a sense, Haliey’s fan base.”Haliey Welch, famously dubbed the “Hawk Tuah” girl after her viral June interview with street YouTubers, has faced swift backlash following the launch of her memecoin, $HAWK.This was confirmed as the token’s value plummeted by over 90% within hours of its debut, leaving the crypto community unimpressed and sparking skepticism about the project’s viability.
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