On December 4, 2024, internet personality Hailey Welch launched the $HAWK token, leveraging her fame as the “Hawk Tuah” girl to attract trusting fans. What began as a promising cryptocurrency project quickly unraveled into a carefully orchestrated rug pull, leaving investors with devastating losses. The launch initially generated excitement, with $HAWK reaching a $500 million market cap as bots and retail investors rushed in. However, behind the scenes, the project’s foundation was riddled with red flags. A single wallet purchased 97% of the token’s supply using 4,195 SOL ($1.01 million), only to dump the tokens for 11,616 SOL ($1.66 million)
The post The $HAWK Token: A Rug Pull Disguised As Opportunity appeared first on The Merkle News.
