Ms. Welch, also known as “Hawk Tuah Girl” and followed by more than 2.6 million followers on Instagram, promoted her new crypto on her social networks. Launched on December 4, the Hawk coin has a value of 490 million US dollars. But 20 minutes later, its value dropped by 95%.
The details of this phenomenon remain unclear; it is not known whether fraud charges could be filed against Haliey Welch and her team.
It is assumed that investors would have had access to the Hawk coin well before its launch. They would therefore have waited for the crypto to increase in value before withdrawing their investments, leaving other investors in the red.
On social networks, several admirers of the new web star say they lost impressive amounts of money after trusting him by investing in his new crypto.
However, cryptocurrencies are not always regulated. Anyone can create their own, which creates a very volatile market. So it’s easy to get scammed.
However, some crazy cryptocurrencies have emerged in recent years and they have gained disproportionate value.
Baptized meme coinsthese cryptos referencing web memes have jumped in value thanks to their community.
The most popular of them: the doge coin, the favorite crypto of billionaire Elon Musk. This crypto has gained a value of $66 billion as of December 12, 2024.
For investors, this phenomenon demonstrates that these cryptos are a quick way to make money. But is this really the case?
See Camille Lopez’s report in the video.
Celebrities
Canada
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