Hawk Tuah Girl’s Memecoin Crash Sparks Insider Trading Accusations

Hailey Welch, the viral internet sensation popularly known as “Hawk Tuah Girl,” is under fire on X after her newly launched memecoin, HAWK, dipped by over 90% just minutes after its launch. The memecoin, which Welsh had been teasing on her page for some time, rose rapidly, reaching a market capitalization of $490 million. But, just a few minutes later, it fell by over 90% to a mere $41 million market cap, raising concerns about insider trading and sniping by Welsh and her team. Welsh quickly released a statement on her X page, denying the allegations.The Hawk Tuah Controversy To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

Source: The Defiant