Solana memecoin Hawk, launched by internet sensation Hailey Welch, has seen its market cap plummet by over 90% just after its debut. Welch gained fame for her "Hawk Tuah" quote in a viral street interview video on YouTube.
The token launched amidst significant online criticism, which may have contributed to its swift decline in value. Despite the downturn, Welch has reassured the community that her team hasn't sold off any of their tokens.
Data from DexScreener indicates that HAWK made its market entrance at approximately 4 p.m. ET on Wednesday before experiencing a rapid drop.
Source: www.theblockcrypto.com ↗
