The token was introduced on December 4, 2024, taking advantage of the popularity of social media star Haliey Welch. Promoted as an innovative project, $HAWK quickly gained traction, achieving a market capitalisation of $490 million in minutes. Within hours, the token’s value had plunged by more than 90%, leaving investors with substantial losses. Allegations of a rug pull quickly arose. Evidence of Fraudulent Practices 1. Highly Concentrated Token Holdings Blockchain analysis revealed a significant red flag: 97% of $HAWK tokens were concentrated in 285 wallets at launch. These wallets quickly…
Read MoreThe lightning-fast Rise and Fall of Hawk Tuah Token
