Popular internet personality Haliey Welch shared her experience with the launch of HAWK memecoin and the related investigations by the FBI and SEC.
Launch of HAWK Memecoin and its Consequences
Haliey Welch launched the HAWK memecoin in 2024, which quickly surged in value before a significant plunge. The token raised suspicions of a rug pull scam, but Welch was unaware of the reasons behind the drop.
Haliey Welch's Mistakes and Regrets
Welch stated that she was convinced by various people to launch the memecoin, ultimately trusting the wrong individuals, leading to significant issues. She also mentioned that her X account was managed by another operator, posting content about the memecoin. Although the FBI and SEC found no wrongdoing, Haliey expressed regret for letting her fans down.
Risks of Memecoin Trading
Memecoin trading is inherently a high-risk activity. Even when backed by a genuine personality, as with Haliey Welch, many factors can lead to financial losses. Welch underscores the need for caution when engaging in the memecoin market.
The events surrounding the HAWK memecoin serve as a reminder of the risks associated with investing and trading in memecoins. Accountability to fans is vital, and crypto investors should exercise greater caution.
