Golf influencer Paige Spiranac takes dig at ‘Hawk Tuah Girl’ Haliey Welch amid memecoin controversy
Golf influencer Paige Spiranac had a valuable lesson to share today: steer clear of creating a memecoin. Haliey Welch, also known as “Hawk Tuah Girl” on social media, recently tried her hand at launching her own cryptocurrency, only to watch it crash and burn shortly after takeoff.
Welch’s coin, Hawk, initially saw a surge in value, reaching a market cap of $490 million within hours of its launch, as reported by Cointelegraph. However, the excitement was short-lived as the coin quickly plummeted to a mere $41.7 million in valuation.
The controversy surrounding Hawk caught the attention of Spiranac, who took to social media to offer some advice. In a post, Spiranac subtly hinted at Welch and her team’s misstep, stating, “If I’ve learned anything, it’s to never release a memecoin.”
Bubblemaps, a blockchain data analysis site, revealed that a small group owned the majority of Hawk tokens, sparking discussions about “snipers” in the cryptocurrency world. Welch addressed the issue, explaining that her team had implemented high fees at the launch to deter snipers and claiming that her insiders had not sold any tokens.
In an interview with Fortune, Welch emphasized that Hawk was not intended to be a “cash grab.” She admitted to previously viewing cryptocurrency as a scam but changed her perspective, seeing it as a fun way to engage with her fans.
As the saga of Hawk continues to unfold, it serves as a cautionary tale for influencers looking to venture into the world of cryptocurrency. While the allure of creating a memecoin may be tempting, the risks and pitfalls can be significant, as demonstrated by Welch’s experience.
In conclusion, the rise and fall of Hawk Tuah Girl’s memecoin underscore the importance of thorough research, careful planning, and transparency in any cryptocurrency venture. As Spiranac and Welch navigate the aftermath of this failed launch, it serves as a reminder to approach such endeavors with caution and diligence.
