Cryptocurrency debacle: Haliey Welch collects millions, investors lose everything!
Cryptocurrency debacle: Haliey Welch collects millions, investors lose everything!
A few days ago, Haliey Welch, better known as "Hawk Tuah Girl", brought her cryptocurrency $ Hawk to the market, which, however, quickly failed in a spectacular way. Just 15 minutes after the market launch on Wednesday, which she announced in a podcast with the billionaire Mark Cuban, the currency experienced a dramatic loss of value of 90 percent. What, which called up their 2.5 million Instagram followers and 400,000 Twitter subscribers to invest, presented the token as a "really good thing", but when the courses broke out, many of their fans were affected by high losses. Haliey himself is said to have earned $ 50 million through insider activities, while analysts speak of a possible fraud, in the form of a "pump and dump" schemas that often occurs in the crypto world.Already five minutes after the start, Memecoin had reached a capitalization of almost $ 490 million before crashing it abruptly to $ 60 million. The term "Rugpull" is often used in this context, in which the developer collect funds and then give up the project. According to reports, some investors have already submitted complaints from the SEC, while Welch and her team over social media claim that their currency was not a fraud. Nevertheless, the possibility of insider handling is discussed, which makes the Situation more escalating, such as the portal PalmbeachPost confirmed
don't let the allegations sit on you
Despite the violent allegations, what is vehemently against the allegations and claims that their team would never have sold tokens at any time. In a post, she also emphasized that her coins were blocked for one year. Nevertheless, analysts such as Today. However, some dealers who invested in the early phases were able to make high profits, while others had to say goodbye to their savings in a few minutes.
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