{"id":3848,"date":"2024-12-06T16:32:06","date_gmt":"2024-12-06T16:32:06","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=3848"},"modified":"2024-12-06T16:32:06","modified_gmt":"2024-12-06T16:32:06","slug":"flockerz-flies-high-as-hawk-falls-95","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=3848","title":{"rendered":"FLOCKERZ Flies High As HAWK Falls 95%"},"content":{"rendered":"
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Fraud or just another influencer-led meme coin gone bad? That\u2019s the painful question investors are facing in the aftermath of the HAWK meme coin two days ago.<\/p>\n

But did Haliey Welch and her team pull a classic rug pull, or was this simply the impact of FUD hitting a volatile meme coin?<\/p>\n

Either way, the HAWK story is another lesson in how to avoid crypto scams, while Flockerz (<\/a>FLOCK) shows the way forward for well-researched meme coin projects.<\/p>\n

A Meme Coin Fit for a Queen<\/h2>\n

Haliey Welch, widely recognized as the \u2018Hawk Tuah Girl,\u2019 became an internet celebrity in 2024. She\u2019s become a significant crypto supporter, buying DOGE and generally becoming a meme coin fan.<\/p>\n

\"Show<\/p>\n

So it wasn\u2019t a surprise when the self-proclaimed \u2018Queen of Memes\u2019 made plans to launch her own meme coin.\u00a0<\/p>\n

Dubbed HAWK, the token launched on December 4, 2024, via the Solana blockchain through OverHere<\/a>.\u00a0<\/p>\n

HAWK Collapses Spectacularly<\/h2>\n

The cryptocurrency experienced an initial surge, reaching a market capitalization of $500M, but swiftly plummeted by over 95% under steady selling pressure.<\/p>\n

Eventually, the market cap stabilized and currently sits at $31M, according to CoinMarketCap<\/a>.<\/p>\n

What happened?<\/p>\n

This rapid decline led to allegations of a \u2018pump-and-dump\u2019 scheme, where insiders inflate an asset\u2019s value through promotion and then sell off holdings for profit, leaving other investors with losses.\u00a0<\/p>\n

Welch denied these claims, stating on social media that her team hadn\u2019t sold any tokens and had implemented high initial fees to deter early traders from manipulating the launch.<\/p>\n

Most investors found those claims questionable, at best. Blockchain explorers demonstrated huge concentrations of tokens being held in and then sold from a small number of wallets. Info from Bubblemaps.io<\/a> shows just how significant the concentrations were, with one wallet controlling over 15% of the supply.<\/p>\n

\"Hawk<\/p>\n

Once the selling began, token prices crashed, and the bottom fell out of the impressive market cap.<\/p>\n

And it didn\u2019t take long for investors to report significant financial losses, with some claiming to have invested life savings or children\u2019s college funds.\u00a0<\/p>\n

The incident raised questions about Welch\u2019s credibility.<\/p>\n

HAWK Investors Likely New to Crypto<\/h2>\n

Analysts such as Coffeezilla<\/a> on YouTube pointed out<\/a> that many of Welch\u2019s fans and possible HAWK investors were likely new to crypto. They may not have realized the importance of doing research instead of just following the advice of a young, newly-famous influencer.<\/p>\n

Among the red flags for the HAWK token:<\/p>\n