Golf influencer Paige Spiranac learned a lesson today to stay away from creating meme coins.
Hayley Welch, better known on social media as “Hawk to a Girl,” has used her recent fame in a variety of ways, but her latest attempt crashed and burst into flames before taking off. It's gone.
Welch launched his cryptocurrency on Wednesday, and it skyrocketed significantly in just a few hours, reaching a market cap of $490 million. According to Cointelegraph, I cited data from DexScreener.
But within hours, the coin, known as Hawk, plummeted in value to just $41.7 million.
As controversy swirled around the coin, Spiranac posted a post on X that lightly attacked Welch and his team.
“If there's anything I've learned, it's to never release meme coins,” the post reads.
Bubble Map, a site that analyzes blockchain data, found that a small number of people own a large portion of Hawk, and that they are trying to quickly buy a large portion of the new meme token when it is launched by “Sniper.” This led to controversy about investors.
Welch spoke about the matter in It wasn't for sale,” he added.
The 22-year-old one-night stand told Fortune magazine that Hawk was not intended to be a “cash grab.”
She said she previously considered cryptocurrencies to be a scam, but changed her mind because it's a “fun way to interact with fans.”
