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Hawk Tuah memecoin dumps 90% amid backlash over controversial launch
Haliey Welch’s memecoin HAWK has plunged 90% since its launch, though Welch has denied any insider sales from herself or her team.The launch of viral influencer Haliey Welch’s Hawk Tuah memecoin sparked outrage across social media as the newly launched token briefly pumped and then dumped rapidly following a controversial deployment involving allegations of snipers and insider wallets.
Welch has denied any insider sales or activity on behalf of her team or any affiliated entities.
The Hawk Tuak (HAWK) memecoin was launched at 10:00 pm UTC on Dec. 4 and quickly rose to a peak market cap of $490 million.
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