I do not know the technicalities of this. I do gamble, not "invest," in Doge...
qz.com
William Gavin
Published3 hours ago
Haliey Welch, known as ‘hawk tuah girl,’ at the Weight-Ins of Mike Tyson vs Jake Paul and Katie Taylor vs Amanda Serrano at the Toyota Music Factory in Irving, Texas on Nov. 14.
Influencer Haliey Welch, better known as the “Hawk Tuah” girl, has launched her latest attempt to cash in on her fame: a cryptocurrency.
On Wednesday, Welch launched the Hawk Tuah (HAWK) meme coin on the Solana (SOL0.00%) blockchain, which she told Fortune ahead of the debut, “is not a cash grab.” Memecoins, like HAWK, are cryptocurrencies that are based on viral memes, trends, and pop culture references, such as Dogecoin and Pepecoin.
“We don’t want to break securities laws,” Welch’s manager, Jonnie Forster, told Fortune. “We would say that we’re almost, like, tokenizing, in a sense, Hailey’s fan base.”
However, within 24 hours of the launch, social media users claimed to have filed complaints with securities regulators, at least one law firm started reaching out to gather clients, and the meme coin was being labeled a scam by critics.
The meme coin rose to a peak market capitalization of $490 million before plummeting, hitting $29.1 million at the time of publication, according to DexScreener data. That’s a roughly 94% decline.
The 'Hawk Tuah' memecoin launch went just as poorly as you'd expect
Haliey Welch's latest side-hustle dropped by 95% after an abysmal effort
qz.com
The 'Hawk Tuah' memecoin launch went just as poorly as you'd expect
Haliey Welch's latest side-hustle dropped by 95% after an abysmal effort
ByWilliam Gavin
Published3 hours ago
Haliey Welch, known as ‘hawk tuah girl,’ at the Weight-Ins of Mike Tyson vs Jake Paul and Katie Taylor vs Amanda Serrano at the Toyota Music Factory in Irving, Texas on Nov. 14.
In This Story
SOL0.00%GOOGL-0.42%Influencer Haliey Welch, better known as the “Hawk Tuah” girl, has launched her latest attempt to cash in on her fame: a cryptocurrency.
On Wednesday, Welch launched the Hawk Tuah (HAWK) meme coin on the Solana (SOL0.00%) blockchain, which she told Fortune ahead of the debut, “is not a cash grab.” Memecoins, like HAWK, are cryptocurrencies that are based on viral memes, trends, and pop culture references, such as Dogecoin and Pepecoin.
“We don’t want to break securities laws,” Welch’s manager, Jonnie Forster, told Fortune. “We would say that we’re almost, like, tokenizing, in a sense, Hailey’s fan base.”
However, within 24 hours of the launch, social media users claimed to have filed complaints with securities regulators, at least one law firm started reaching out to gather clients, and the meme coin was being labeled a scam by critics.
The meme coin rose to a peak market capitalization of $490 million before plummeting, hitting $29.1 million at the time of publication, according to DexScreener data. That’s a roughly 94% decline.
