The rise and fall of Hawk Tuah: A case study in crypto scams
Haliey Welchs foray into cryptocurrency, initially met with hype, has become mired in controversy, with accusations of involvement in a crypto scam.
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Haliey Welchs foray into cryptocurrency, initially met with hype, has become mired in controversy, with accusations of involvement in a crypto scam.
YouTube investigator Coffeezilla has called for an end to the spread of misinformation about viral influencer Hailey Welchs recent controversial memecoin launch, HAWK.
2024 saw the birth of the "celebrity memecoin meta" with multiple public figures cashing in on their fame to launch memecoins, though many quickly fizzled out not long after launch.
A memecoin bearing Haliey Welchs likeness rose to a market capitalization of roughly $500 million after its launch on Dec. 4 before dropping by 90%.
The HAWK Token exhibits all the characteristics of an unregistered security under established legal precedent, litigants claimed.
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