Coffeezilla: “This is one of the most miserable, horrible launches I’ve ever seen in my life…”
Haliey Welch: “Okay, then why the fuck are you on then?”
Haliey, Welch and aka were the hosts of last night’s X Spaces HAWK mecoin launch. “The Hawk Tuah Girl.”
A majority of memcoin launches fail, but no one has crashed so fast as Hawk.
HAWK, which launched with a market capitalization of $490,000,000 yesterday, then dropped to $64,000,000 within 30 minutes.
HAWK is now worth $27 million at this time.
HAWK’s tokenomics may be the worst yet. Only 2% of the total was given to the general public, with an 17% profit margin. “Strategic Allocation” Token generation is only available for KOLs whose full unlocking was achieved.
Welch publicly stated that his internal team had not sold any tokens. However, insiders have been caught doing this on chain. Bubblemaps claims that 96% (or 147 million tokens) of the supply were in one cluster.
“Straight Tuah Prison” As a reaction to the tragedy, (TUAH), a memecoin alternative was launched. Since then, its market capitalization has risen to $12,3 million. Perhaps something positive will emerge from this.
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