The creation and subsequent activities surrounding the $HAWK memecoin demonstrate the urgent need for improved governance and transparency regulations within the Web3 environment. This sentiment is echoed by Azeem Khan, an industry expert, who suggests that the crypto industry itself must take proactive measures to establish these standards to ensure a more secure and reliable digital financial ecosystem.

Better regulation could protect investors and enhance the reputation of cryptocurencies, countering the unpredictable nature of mememarkets like those driven by memecoins.