Hailey Welch, a former minimum-wage worker turned global internet sensation thanks to her viral phrase “hawk tuah”, has now launched her own cryptocurrency token.
From Viral Fame to Crypto Launch
The internet has always been a peculiar place where unexpected moments can lead to global fame. Hailey Welch, a 21-year-old former minimum-wage worker, is the latest testament to this reality. Her iconic phrase “hawk tuah”, meant to mimic the sound of spitting, went viral after appearing in a video referencing a suggestive context. This unexpected popularity propelled Welch into the spotlight, even earning her a chart-topping podcast show.
Riding the wave of her internet fame, Welch has now introduced her own cryptocurrency token named “HAWK”, inspired by the phrase that made her famous. The token is built on the Solana blockchain.
Rapid Market Movements
Given the internet’s history of transforming memes into financial assets, it’s no surprise that “hawk tuah” has found its way into the crypto ecosystem. Welch capitalized on her viral fame, following a trend where popular memes often become digital tokens.
The HAWK cryptocurrency started trading recently, quickly reaching a market capitalization of $491 million before experiencing a sharp decline to under $100 million. As of now, the token is trading at $0.000156, after hitting a peak of $0.003196 on its first day. The project was funded by a group of non-US investors at a valuation of $34.5 million.
Proceed with Caution
Investors should be cautious when considering meme-based cryptocurrencies. Many tokens launched by internet celebrities or as joke projects often have extremely short lifespans. It’s common for such tokens to lose up to 99% of their value within days or even hours. Therefore, we strongly recommend exercising caution and staying away from speculative tokens like HAWK.
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