Thursday, October 23, 2025
Catatonic Times
No Result
View All Result
  • Home
  • Crypto Updates
  • Bitcoin
  • Ethereum
  • Altcoin
  • Blockchain
  • NFT
  • Regulations
  • Analysis
  • Web3
  • More
    • Metaverse
    • Crypto Exchanges
    • DeFi
    • Scam Alert
  • Home
  • Crypto Updates
  • Bitcoin
  • Ethereum
  • Altcoin
  • Blockchain
  • NFT
  • Regulations
  • Analysis
  • Web3
  • More
    • Metaverse
    • Crypto Exchanges
    • DeFi
    • Scam Alert
No Result
View All Result
Catatonic Times
No Result
View All Result

Hawk Tuah Girl’s Meme Coin Faces Allegations of Rug Pull, Project Leads Deny Wrongdoing

by Catatonic Times
December 5, 2024
in Web3
Reading Time: 4 mins read
0 0
A A
0
Home Web3
Share on FacebookShare on Twitter



The “Hawk Tuah” woman launched a meme coin, and—anybody? Any guesses? 

Inform me should you’ve heard this one earlier than: allegations are swirling on-line that the venture has been rug pulled, whereas the staff behind the crypto token, HAWK, is adamantly denying any wrongdoing. 

On Wednesday night, Hailey Welch, Ms. Tuah herself, launched the HAWK token to a lot fanfare. Inside lower than quarter-hour, the token climbed to a market capitalization of $490 million earlier than instantly collapsing over 93% in worth. 

Apparently, an internet of interconnected wallets bought off huge sums of the token as quickly as the general public started shopping for it—and pocketed over $3 million due to the maneuver. 

Bubblemaps, the on-chain information visualization firm, decided on Thursday that 285 wallets collectively acquired some 96% of HAWK’s provide throughout token presales and giftings. Throughout the first minutes of HAWK’s debut, nearly all of these wallets dumped their tokens to make a fast revenue.

1/ We discovered that 285 traders joined $HAWK presale

• 89 wallets bought 100%• 47 wallets bought ≥ 50%• 19 wallets bought < 50%• 130 wallets bought 0

💰 Complete bought: $3.3M

🧵 ↓https://t.co/b3GpKDoHfG

— Bubblemaps (@bubblemaps) December 5, 2024

Outrage instantly swirled on Crypto Twitter over what seemed to be a basic meme coin rug pull. Welch’s staff rapidly pushed again towards the allegations, claiming the noticed sell-offs have been customary parts of HAWK’s tokenomics roadmap. 

“Hailey’s staff has bought completely no tokens in any way,” the staff maintained. Welch, in the meantime, claimed no single influencer or KOL (“Key Opinion Chief”) was gifted free tokens.

There was a wild quantity of fud circulating, allow us to clarify:

The primary piece going round @X is the 96% cluster seen on @bubblemaps which reveals $HAWK tokens being despatched by the deployer deal with (xxxx), to the associated addresses, in keeping with the tokenomics that was printed.…

— overHere (@overHere_gg) December 5, 2024

Twitter customers instantly pointed to the rampant promoting off of huge sums of HAWK by what seemed to be venture insiders. 

Bubblemaps informed Decrypt that their evaluation concluded that whereas the HAWK staff itself has not but bought off any tokens, KOLs and “strategic advisors” related to the venture have dumped a rare quantity of its provide—resulting in the collapse of its worth instantly following launch. 

Decrypt reached out to Welch’s staff relating to these conclusions however didn’t instantly obtain a response.

Whereas little consensus has but been reached on Welch’s complicity within the saga, Crypto Twitter seems to have firmly made up its thoughts. The venture’s clarification of irregularities throughout HAWK’s launch was swiftly tagged with a Group Observe that lambasted the submit as deliberately misleading. 

“Hailey is mendacity and can doubtless should “discuss tuah” decide about this,” the word reads.

Edited by Sebastian Sinclair. Further reporting by Ryan Gladwin.

Each day Debrief Publication

Begin each day with the highest information tales proper now, plus unique options, a podcast, movies and extra.



Source link

Tags: allegationsCoinDenyfacesGirlsHawkLeadsMemeProjectPullRugTuahWrongdoing
Previous Post

Bitcoin flash crashes to $90,200 causing over $885 million in liquidations

Next Post

Analysts foresee upside potential for Bitcoin beyond $100k despite some red flags

Related Posts

Melania Trump, Javier Milei Used as ‘Props’ for Meme Coin Fraud, Lawsuit Alleges
Web3

Melania Trump, Javier Milei Used as ‘Props’ for Meme Coin Fraud, Lawsuit Alleges

October 23, 2025
Why Google Shouldn’t Worry About OpenAI’s Atlas Browser—Yet
Web3

Why Google Shouldn’t Worry About OpenAI’s Atlas Browser—Yet

October 22, 2025
X to Launch Handle Marketplace, Prices Rare Usernames Up to Seven Figures
Web3

X to Launch Handle Marketplace, Prices Rare Usernames Up to Seven Figures

October 21, 2025
Polymarket Airdrop Farmers Have Become ‘More Sophisticated’ as Token Launch Looms
Web3

Polymarket Airdrop Farmers Have Become ‘More Sophisticated’ as Token Launch Looms

October 19, 2025
Wikipedia Traffic Drops as AI Answers Eat the Free Encyclopedia
Web3

Wikipedia Traffic Drops as AI Answers Eat the Free Encyclopedia

October 18, 2025
Relax, That’s Not a Stranger in Your House—It’s Just an AI Prank
Web3

Relax, That’s Not a Stranger in Your House—It’s Just an AI Prank

October 17, 2025
Next Post
Analysts foresee upside potential for Bitcoin beyond 0k despite some red flags

Analysts foresee upside potential for Bitcoin beyond $100k despite some red flags

Partnership Announced to Enhance Internet and Financial Access via Decentralized Satellite Technology

Partnership Announced to Enhance Internet and Financial Access via Decentralized Satellite Technology

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Catatonic Times

Stay ahead in the cryptocurrency world with Catatonic Times. Get real-time updates, expert analyses, and in-depth blockchain news tailored for investors, enthusiasts, and innovators.

Categories

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • NFT
  • Regulations
  • Scam Alert
  • Uncategorized
  • Web3

Latest Updates

  • Melania Trump, Javier Milei Used as ‘Props’ for Meme Coin Fraud, Lawsuit Alleges
  • Moon Inc. Raises $8.8M To Put BTC On Prepaid Cards In Asia
  • ‘No Longer Speculation,’ Says Pundit
  • About Us
  • Advertise with Us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact Us

Copyright © 2024 Catatonic Times.
Catatonic Times is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Crypto Updates
  • Bitcoin
  • Ethereum
  • Altcoin
  • Blockchain
  • NFT
  • Regulations
  • Analysis
  • Web3
  • More
    • Metaverse
    • Crypto Exchanges
    • DeFi
    • Scam Alert

Copyright © 2024 Catatonic Times.
Catatonic Times is not responsible for the content of external sites.