The Independent - Hailey Welch's $HAWK memecoin crashed over 90% after launch, leading to scam accusations, a SEC complaint, and highlighting the risks of memecoin investments

https://www.independent.co.uk/life-style/hawk-tuah-crypto-coin-welch-scam-rugpull-b2659849.html

The memecoin $HAWK, launched by internet personality Hailey Welch ("Hawk Tuah Girl"), crashed by over 90% shortly after launch, prompting accusations of a scam and a SEC complaint.

The rapid price drop is attributed to alleged insider trading and "pump and dump" schemes, highlighting the risks associated with memecoins.

Investors should exercise extreme caution and thorough research before investing in such volatile and potentially fraudulent cryptocurrency ventures.