Haliey Welch, widely known on social media as the ‘Hawk Tuah Girl,’ made headlines recently for her venture into the cryptocurrency space with the launch of a new meme coin. Despite the initial excitement surrounding the launch, the coin saw a dramatic crash shortly after it hit the market. Launched on the Solana blockchain, the coin was intended to capitalize on the growing trend of meme coins, but it quickly lost nearly 95% of its value within 20 minutes of its release. The trading volume soared with millions exchanged during the initial frenzy, but the enthusiasm quickly dissipated, leading to a sharp decline in value. Welch, reflecting on the experience, stated, “Honestly, I thought it was going to be a lot more fun than it turned out to be.” Critics have pointed to the swift decline as a cautionary tale about the volatility of meme-based cryptocurrencies and the risks associated with them. This incident has sparked discussions within the crypto community regarding the sustainability of meme coins and their overall impact on the market.
Hawk Tuah Girl Launches Meme Coin That Crashes in 20 Minutes
