Golf influencer Paige Spiranac discovered a lesson in the present day: Keep distant from making a memecoin.
Haliey Welch, higher identified on social media as “Hawk Tuah Girl,” has capitalized on her latest fame in quite a few methods, however her newest try crashed and burned earlier than it may even take off.
Welch launched her personal cryptocurrency Wednesday, and it had a fairly good surge simply hours into the launch, hitting a market cap of $490 million, in keeping with Cointelegraph, which cited information from DexScreener.
Nonetheless, inside hours, the coin often called Hawk plummeted to only $41.7 million in valuation.
With controversy swirling across the coin, Spiranac posted on X with a slight jab at Welch and her workforce.
“If I’ve learned anything, it’s to never release a memecoin,” the publish stated.
Bubblemaps, a website that analyzes information from the blockchain, discovered a number of individuals owned the overwhelming majority of Hawk, which led to controversy about “snipers,” or traders who transfer rapidly to purchase a majority of latest meme tokens once they launch.
Welch spoke about it on X, saying her workforce “tried to stop snipers as best we could through high fees in the start of launch,” including her insiders on the venture had not “sold one token.”
The 22-year-old in a single day celeb advised Fortune that Hawk was not meant to be a “cash grab.”
She stated that whereas she used to view cryptocurrency as a rip-off, she modified her thoughts as a result of it’s a “fun way to get my fans to interact.”
