logo
welcome
CoinGape

CoinGape

Hawk Tuah Girl’s HAWK Memecoin Skyrocketed and Crashed in 20 Mins: What Happened? | CoinGape

CoinGape
Summary
Nutrition label

59% Informative

HAWK memecoin surged to a $ 500 M market cap within hours but crashed 91% instantly, leading to rug pull allegations.

The Hawk Tuah coin (HAWK) is one of the most trending Solana memecoins with high popularity.

Despite the price surge, top wallets hold 96% of total token supply per analysts.

Despite Welch 's denial of insider trading, the top 10 wallets hold more than 87% of the total HAWk supply.

HAWK memecoin surged heavily and dropped heavily within a few hours .

The creator, Hailey Welch , claims that it is not insider trading.

However, the top holders carry large holdings, making it concerning for the other as more sell-offs can happen.