Hailey Welch, known as the ‘Hawk Tuah Girl,’ has recently launched her own cryptocurrency, a memecoin called ‘Hawk Memecoin’, on the Solana blockchain. The launch, however, has not gone as planned, with reports indicating that the price of the token has plummeted by approximately 90% shortly after its debut. The drastic drop has sparked significant backlash from investors, with many expressing frustration over the token’s performance and Welch’s role as a public figure behind it. Some investors labeled the launch a ‘pump and dump’ scheme, voicing concerns over the lack of transparency and communication post-launch. In an interview, Welch defended her project, stating, ‘I just wanted to create something fun and engaging for my followers, but I didn’t anticipate this level of volatility.’ Despite the challenges, she insists that she remains committed to the project and is exploring solutions to stabilize the token’s value. The memecoin trend has gained traction among influencers, yet this incident highlights the risks involved in investing in newly launched cryptocurrencies.
Hawk Tuah Girl Hailey Welch Launches Memecoin Amidst Controversy
