After 6 years of working with cryptocurrencies on a deeper level, one thing is certain; Cryptocurrencies are no longer niche. For us, who are analysing trends and adoption from the slightly colder latitudes on earth, we can safely say that with over 10% of Finland’s population now owning crypto, the trend mirrors what we’re seeing globally. From the United States to Southeast Asia, Bitcoin, Ethereum, and countless other digital currencies are steadily becoming household names. This rise has been bolstered by the kind of headlines that stir excitement—El Salvador’s President…
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The lightning-fast Rise and Fall of Hawk Tuah Token
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…
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