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The “HAWK” memecoin linked to viral personality Haliey Welch surged to a massive valuation before crashing over 90% within hours, wiping out investors.
The collapse sparked accusations of a rug pull, lawsuits, and regulatory scrutiny, with many blaming influencer-driven hype.
Welch denied involvement in the project’s operations but still faced backlash, highlighting risks in celebrity-backed crypto tokens.
#CryptoNews