The $HAWK memecoin bombed hard after launch, dropping from $500M to $60M in 20 mins, sparking rug pull accusations. Viral “Hawk Tuah girl” Hailey Welch got called out by Coffeezilla for insider trading and shady moves, he posted the video on youtube in more detail. Blockchain data shows insiders controlled 96% of tokens at launch, fueling trust issues.
Things got messy after the $HAWK memecoin dropped on December 4 this year. The coin, launched on Solana, crashed in less than 20 minutes—its value went from a massive $500M to a mere $60M. Investors are pissed, and rumors are swirling that it was all part of a shady “rug pull.”
The drama kicked off when Stephen “Coffeezilla,” a YouTube investigator, went live to call out Hailey Welch, aka the viral “Hawk Tuah girl,” about the meme coin disaster. He straight-up accused her and her team of insider trading and messing with the coin’s launch. He wasn’t holding back, saying, “You guys made over a million in fees while your fans got rug pulled.”
To defend herself, Welch went on X (Twitter) to explain that neither she nor any influencers involved got free tokens and that they tried to prevent bot activity by setting high fees. But the damage was done.
Blockchain data from Bubblemaps raised more eyebrows when it showed that 96% of the coin’s supply was controlled by insiders at launch. While that number dropped to 79%, it still looks like a classic case of market manipulation. Critics are now saying the team made off with $2 million, leaving investors holding the bag.
The whole thing’s blown up on social media, with accusations of insider trading and unethical practices all over the place. It’s a mess, and the HAWK token’s crash has left a lot of people asking, “Did the Hawk Tuah girl really just dump on us?”
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