Hawk Tuah launched meme coin, everyone lost their money and want to throw her in jail: How are people still stupid enough to fall for this?

Look, I get it. Hawk Tuah went viral for making a joke about blowjobs, we all laughed and then out of no where, had a platform bigger than she could have ever imagined.

Backstory:

On December 4th Haliey (Hawktuah) announced her own memecoin launch The aim was to push her media personality further into memecoins sector and become more famous. Her subscribers should have made some money on it in return, however something went wrong.

Her coin skyrocketed to a $500 million market cap. Then it plummeted to $25 million. Simple math shows that those who bought at the peak saw a 95% loss in a few minutes.

Hailey quickly shared the $HAWK tokenomics after the rug pull, insisting the team hadn’t sold a single token. She claimed only 10% of the supply was allocated to the team, with a 12-month lock and 3-year vesting period. But as the price plummeted, it was obvious this was a lie. Even investors couldn’t dump the token so aggressively.

Bubblemaps revealed that 96% of the $HAWK supply was in one cluster. 285 investors joined the presale, and 89 wallets, including the team, sold their entire holdings immediately, triggering a sharp price drop.

When it comes to Hawkcoin, the real question isn’t whether she’s the mastermind behind a scam or a hapless victim of crypto grifters. The bigger question is: why do people keep throwing their hard-earned money at nonsense like this?

Hawk Tuah Has Some Explaining to Do:

Hawk is live!!!

HAWKThXRcNL9ZGZKqgUXLm4W8tnRZ7U6MVdEepSutj34 pic.twitter.com/9GFgYwpeFA

— Haliey Welch (@HalieyWelchX) December 4, 2024

Seriously. If you bought Hawkcoin, what exactly did you think was going to happen? Did you expect to 10x your money because a viral personality with zero track record in finance or tech slapped her name on it?

I'm down around $20,000 right now on the $HAWK token

I really hope that @HalieyWelchX can provide us with some roadmap updates or something

I for one am completely shocked and surprised by the way this turned out

please send help asap pic.twitter.com/iUUMhWW87F

— AshRobin 🐶 (@ashrobinqt) December 4, 2024

Were you betting that Hawk Tuah was secretly a blockchain genius who’d revolutionize cryptocurrency with her Southern charm?

The problem here isn’t just Hawk Tuah or the people allegedly pulling the strings behind Hawkcoin. The bigger issue is the culture of blind trust in celebrity-backed crypto projects. Every few months, someone famous—or internet-famous—gets behind a new coin, and every time, people line up to pour money into it like it’s the next Bitcoin. Spoiler alert: it’s not.

How many scams do we need to see before we collectively learn that just because a famous person endorses something doesn’t make it legit?

The Red Flags Were Everywhere

https://twitter.com/beaniemaxi/status/1864434364060221448

Hawkcoin wasn’t exactly subtle. A newly famous influencer launches a cryptocurrency with no prior expertise? That’s a red flag so big you could see it from space. Add in the fact that most of the coin’s supply was allegedly held by insiders, and you’ve got a textbook example of a rug pull in the making.

Yet people still bought in. Why? Because greed and FOMO (fear of missing out) are undefeated. Everyone wants to believe they’ve found the next big thing. But newsflash: if it sounds too good to be true, it probably is.

Gonna Have to Hawk Tuah the SEC Now:

https://twitter.com/imperooterxbt/status/1864469664249569727

Plenty of blame to go around…lol

Yes, if Hawk Tuah knowingly participated in a scam, she deserves scrutiny and accountability. But at some point, the responsibility has to fall on the people who keep falling for these schemes.

It’s not like this is the first crypto rug pull. The warning signs have been there for years, and anyone who’s still diving into these projects without doing their homework is choosing to ignore them.

There’s an entire internet filled with resources on how to evaluate crypto projects. If you didn’t bother to research Hawkcoin before throwing money at it, that’s on you.

https://twitter.com/zakaria_hirda/status/1864451464069865922

Let’s imagine a best-case scenario for Hawkcoin: it wasn’t a scam (it definitely was) and Hawk Tuah genuinely wanted to create something meaningful in the crypto space.

Even then, why would anyone trust their money to someone with no expertise in the field? Hawk Tuah is a viral personality, not a financial expert. If you decided to invest in Hawkcoin, you were betting on vibes, not fundamentals.

And now you’re upset that the coin crashed and burned? Come on.

Hawk Tuah deserves the criticism and potentially a few lawsuits, especially if she profited while her fans lost money. But the people who bought Hawkcoin also need to take a hard look in the mirror. The crypto space is full of risks, and if you’re diving in without understanding the basics, you’re setting yourself up to lose.

Here’s some free advice: stop throwing money at celebrity-endorsed nonsense. Crypto isn’t a shortcut to easy wealth, and if you’re not willing to do your homework, you’re better off staying out of it entirely.

At the end of the day, Hawkcoin isn’t just a cautionary tale about influencers and crypto scams. It’s a reminder that financial literacy matters—and if you don’t know what you’re doing, you’re just another mark waiting to get fleeced.

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