$HAWK Memecoin Launch Turns Sour as Price Plummets

Haliey Welch, also known as the 'Hawk Tuah' girl, launched her own memecoin called $HAWK on the Solana blockchain. The launch was touted as a way to unite her community and onboard non-crypto users, but it quickly turned sour.

Within minutes of its launch, 96% of the token's supply appeared to be owned by just 10 connected wallets, sparking concerns about transparency and potential price manipulation.

The $HAWK token initially spiked to a market cap of nearly $500 million, but quickly plummeted to around $36.6 million, leaving many who bought in during the initial surge facing significant losses.