"Hawk tuah girl" launches memecoin on Solana that crashes quickly
Dec 5, 2024 at 3:03 PM
Haliey Welch, a 22-year-old social media influencer, made a significant move by launching her own memecoin on Solana. This event was met with both excitement and controversy. As she excitedly announced, "Hawk is live!!!" on X Wednesday evening, a 3-second video accompanied the post, showing her enthusiasm for the launch.Initial Surge and Plunge
Immediately after the launch, Welch's token showed remarkable growth, skyrocketing to an impressive $500 million. However, within just 20 minutes, it plummeted to less than $60 million. This rapid rise and fall captured the attention of both the cryptocurrency community and the general public. Critics quickly emerged, accusing her of planning a cryptocurrency fraud. Welch herself took to social media shortly after the launch, stating that her team "tried to stop snipers as best we could through high fee’s [sic] in the start of launch." She also emphasized that her team had not sold a single token.Changing Perspectives on Cryptocurrency
Before the launch, Welch had a different view of cryptocurrency. She told Fortune that the memecoin was "not just a cash grab." Initially, she thought cryptocurrency was "just a scam" and an "easy way for you to lose money." But her experience with launching the memecoin led her to change her opinion. This shift in perspective shows the complexity and evolving nature of the cryptocurrency world.Nonprofit Initiative and Personal Motivation
During the summer, Welch became infamous for making an X-rated remark. However, she has since focused on positive endeavors. She recently helped establish "Haliey Welch’s Paws Across America," a nonprofit dedicated to raising awareness and funds for animal charities throughout the U.S. On the nonprofit's website, Welch said, "Ever since my life changed so publicly, I realized there had to be a reason for it. Growing up, the one constant in my life was my pets and they helped me get through so much. By starting Haliey Welch’s Paws Across America, my newfound financial blessings will be shared with the animals that need it most." This shows her commitment to using her platform for a greater good.
