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Latin Times
Latin Times
National
Maryam Khanum

Infamous Hawk Tuah Girl Accused of Criminal Rug Pull After Meme Coin Plummets in Value Minutes After Launch: 'She's Gonna Have to Talk Tuah Judge Soon'

Hawk Tuah Hailey Welch Crypto Cryptocurrency
Hailey Welch has faced backlash from social media users and fans who have pointed out that her currency caused many of her fans to lose money. (Credit: AFP)

Hailey Welch, the girl behind the iconic "Hawk Tuah" meme, is facing backlash for a meme coin she created after the cryptocurrency exploded in value and then dropped significantly.

On Wednesday, Welch launched a $HAWK meme coin through the Solana blockchain, with the currency seeing an immense amount of initial growth. Right after the coin was launched, its' market cap rose to $500 million. However, its value began to plummet within minutes, going all the way down to $60 million, reported Express Tribune.

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