HAWK Token Collapse: Hailey Welch Walks Free as Investors Left Holding the Bag
Another day, another crypto exit scam—but this one’s got personality. The HAWK token rug pull clears its architect while retail traders nurse 100% losses. Meet the new boss, same as the old boss.
How it went down: On-chain sleuths traced the liquidity drain to a wallet tied to influencer Hailey Welch. The ’accidental’ $2.8M transfer to a mixing service? Just crypto being crypto.
The fallout: HAWK’s Telegram group now features 47,000 ’diamond hands’ debating whether this constitutes a ’bear market buying opportunity.’ Meanwhile, Welch’s latest tweet promises a ’totally unrelated’ NFT drop.
Wall Street bankers wiping away tears of laughter with hundred-dollar bills. At least their theft comes with FDIC insurance.
HAWK sees almost no trading activity, and previous large wallets were broken up to smaller holdings. | Source: Bubblemaps
Currently, the biggest wallet holds around 16.8% of the supply, with the rest split among smaller holdings. The token is relatively inactive, with small-scale trades to extract any remaining SOL in the liquidity pool.
HAWK never recovered its meme reputation
Within minutes, HAWK was sold off, resulting in losses of more than 95%. She went silent and stopped using social media after the selling, which took place during a livestream with Welch. The most recent podcast restated earlier indications that Welch WOULD not be subject to fines or penalties.
After the crash, HAWK traded in a single trading pair, with only $95K in liquidity. Previously, HAWK managed to reach $500M in market capitalization within minutes, rivaling older and more established memes. HAWK launched during peak season for celebrity tokens.
The token did not revive after the news, still trading at $0.00015. Despite the low price, whales still realized gains, with one whale extracting 11.5 SOL. HAWK can still manage a small rally from its lows, but quickly falls on renewed selling from remaining holders.
According to Solscan, the token still has 7,609 holders and continues to see small-scale trading through Jupiter or directly on Raydium. The volumes are extremely low, with trades in the hundreds of dollars.
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