Cryptocurrency
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For those who missed it (lucky you), Hawk Tuah girl, Haliey went from viral sensation to crypto scandal after launching her $HAWK meme coin in late 2024. The coin soared to a ridiculous $490 million market cap, only to crash down by over 90 per cent in mere hours, leaving her viewers—and some with less-than-healthy bank accounts—shocked and pissed off. The backlash was brutal as people complained about losing their life savings. Yes, really. One person even posted about losing a whopping $35,000, and the internet was not kind.
Hawk tuah girl cryptocurrency lawsuit
Memecoins are cryptocurrencies such as DOGE (named after the iconic doge meme) and MOODENG (named after the viral baby pygmy hippo), that were inspired by internet memes. Their performance in the market can be volatile, depending largely on the hype generated by social media trends. But some memecoins have also courted controversy, and celebrities who have touted crypto coins without transparency about their financial incentives have also faced scrutiny and legal action.
Burwick PLLC, which teamed up with law firm Wolf Popper LLC, said that $HAWK’s token market capitalization “surged” to $491 million after launching on Dec. 4, but its “meteoric rise was short-lived, as the $HAWK token’s value plummeted by over 90% within hours, dropping below $100 million.”
Alex Larson Schultz, better known online as Doc Hollywood, is pictured alongside Welch and her friend Chelsea Bradford. Following the controversy, Schultz appears to have deleted his entire social media presence
“This extreme volatility left many investors, particularly first-time cryptocurrency investors drawn in by Haliey Welch’s involvement, facing significant financial losses,” the two firms wrote in a news release Friday.
Welch jumped into the crypto craze after months of growing her brand. Since June, when her interview went viral, she has cashed in on her success with Hawk Tuah-themed merch, her podcast “Talk Tuah” and the launch of her AI dating assistant app Pookie Tools.
Cryptocurrency news
Bitcoin (BTC) is ongeveer evenveel waard als gisteren, maar dat is al een hele prestatie. De spanningen tussen India en Pakistan zijn namelijk flink toegenomen, en tegelijkertijd zitten we natuurlijk ook nog steeds met alle onzekerheid over Donald Tr…
Ray Dalio maakte faam als oprichter van Bridgewater, de grootste hedgefund ter wereld. Volgens de zakenman, goed voor een geschat vermogen van 15 miljard dollar, staat de globale monetaire orde op het spel door de tarievenoorlog van Trump. Na jare…
Het verhaal van crypto begon in 2008 met de publicatie van de Bitcoin white paper. Daarna ging in januari 2009 het Bitcoin netwerk van start. In de beginjaren waren Bitcoin en paar altcoins die destijds bestonden vooral projecten voor computernerds. De rest van de wereld moest het nog ontdekken. Vandaag de dag staat de cryptowereld centraal op het grote financiële wereldtoneel. Dat zorgt voor iedere dag voor een stortvloed aan crypto nieuws. Crypto Insiders bestaat om uit die stortvloed van nieuws een selectie te maken en onze bezoekers te vermaken met het meest interessante en belangrijke bitcoin nieuws, ethereum nieuws en bijvoorbeeld dogecoin nieuws.
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The cryptocurrency industry is growing across multiple facets, including tokenized real-world assets, futures and spot ETFs, stablecoins, Artificial Intelligence (AI), and its convergence with blockchain technology, as well as the dynamic decentralized finance (DeFi) sector.