• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Breaking News: New Pro-Crypto Plan Unveiled By SEC And CFTC: Could Traditional Markets Go 24/7?
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Bitcoinist.com
No Result
View All Result
Breaking News: New Pro-Crypto Plan Unveiled By SEC And CFTC: Could Traditional Markets Go 24/7?
FLOCKERZ Flies High As HAWK Falls 95%

FLOCKERZ Flies High As HAWK Falls 95%

Bitcoinist
by Bitcoinist
8 months ago
·
Posted in Crypto News
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Fraud or just another influencer-led meme coin gone bad? That’s the painful question investors are facing in the aftermath of the HAWK meme coin two days ago.

But did Haliey Welch and her team pull a classic rug pull, or was this simply the impact of FUD hitting a volatile meme coin?

Either way, the HAWK story is another lesson in how to avoid crypto scams, while Flockerz (FLOCK) shows the way forward for well-researched meme coin projects.

A Meme Coin Fit for a Queen

Haliey Welch, widely recognized as the ‘Hawk Tuah Girl,’ became an internet celebrity in 2024. She’s become a significant crypto supporter, buying DOGE and generally becoming a meme coin fan.

Show of support for memecoins from Haliey Welch

So it wasn’t a surprise when the self-proclaimed ‘Queen of Memes’ made plans to launch her own meme coin. 

Dubbed HAWK, the token launched on December 4, 2024, via the Solana blockchain through OverHere. 

HAWK Collapses Spectacularly

The cryptocurrency experienced an initial surge, reaching a market capitalization of $500M, but swiftly plummeted by over 95% under steady selling pressure.

Eventually, the market cap stabilized and currently sits at $31M, according to CoinMarketCap.

What happened?

This rapid decline led to allegations of a ‘pump-and-dump’ scheme, where insiders inflate an asset’s value through promotion and then sell off holdings for profit, leaving other investors with losses. 

Welch denied these claims, stating on social media that her team hadn’t sold any tokens and had implemented high initial fees to deter early traders from manipulating the launch.

Most investors found those claims questionable, at best. Blockchain explorers demonstrated huge concentrations of tokens being held in and then sold from a small number of wallets. Info from Bubblemaps.io shows just how significant the concentrations were, with one wallet controlling over 15% of the supply.

Hawk Tuah token transactions visualized on Bubblemaps.io

Once the selling began, token prices crashed, and the bottom fell out of the impressive market cap.

And it didn’t take long for investors to report significant financial losses, with some claiming to have invested life savings or children’s college funds. 

The incident raised questions about Welch’s credibility.

HAWK Investors Likely New to Crypto

Analysts such as Coffeezilla on YouTube pointed out that many of Welch’s fans and possible HAWK investors were likely new to crypto. They may not have realized the importance of doing research instead of just following the advice of a young, newly-famous influencer.

Among the red flags for the HAWK token:

  • No formal whitepaper, shy of a few short GitHub entries
  • 20% of tokens to founders, with no vesting period

The end result was that a fifth of the total tokens were available to be sold immediately, and only 3% of tokens were allocated to the public. The whole process lacked the necessary transparency.

Talk online quickly turned to fraud and legal prosecution.

Meme Coin Investors: Look for Well-Vetted Projects

The launch of Haliey Welch’s HAWK meme coin resulted in a brief valuation peak followed by a sharp decline, leading to investor losses and accusations of fraudulent activity, which Welch disputes.

It also highlights how important it is for investors to choose projects with as much info as possible. For projects like Flockerz, that means roadmaps, community governance, info on tokenomics, and details on staking, vesting periods, and more. 

In crypto, knowledge is power. Haliey Welch may not have done her own research – or maybe she did. Either way, the HAWK launch quickly fell into a rug pull. 

Don’t fall for the next HAWK. When investing in meme coins, do your own research to find the best upcoming projects. 

References

  • The Official Hawk Tuah Token Debuts on overHere (OverHere)
  • Exposing the Hawk Tuah Scam (YouTube)
  • Hawk Tuah Token Transactions (Bubblemaps)
  • The Official Hawk Tuah Token (GitBook)

 

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Bitcoinist

Bitcoinist

Follow

Bitcoinist is the ultimate news and review site for the crypto currency community!

Full Profile

Related Posts

European Central Bank Pushes Digital Euro for Resilient Payments – Best Wallet Token Stands Out

European Central Bank Pushes Digital Euro for Resilient Payments – Best Wallet Token Stands Out

3 hours ago
Bitcoin Treasuries Top 1M BTC Exceeding $111B – The Best Altcoins Thrive Amid Mainstream Adoption

Bitcoin Treasuries Top 1M BTC Exceeding $111B – The Best Altcoins Thrive Amid Mainstream Adoption

7 hours ago
Next Crypto to Explode Live News Today: Timely Insights for Chart Sniffers (September 5)

Next Crypto to Explode Live News Today: Timely Insights for Chart Sniffers (September 5)

4 hours ago
Bitcoin Hyper ($HYPER) Live News Today: Latest Insights for Bitcoin Maxis (September 5)

Bitcoin Hyper ($HYPER) Live News Today: Latest Insights for Bitcoin Maxis (September 5)

4 hours ago
North Korea Crypto Hacks

Fake Job Offers, Real Thefts: North Korea’s New Crypto Scam Tactic

9 hours ago
Saylor’s Strategy Ready to Join S&P 500: Bitcoin Rally Pushes $HYPER Past $14M

Saylor’s Strategy Ready to Join S&P 500: Bitcoin Rally Pushes $HYPER Past $14M

9 hours ago

Premium Sponsors

Press Releases

  • etnminer

    How to Play to Earn Crypto in 2025: Discover 6 Most...

    5 hours ago
  • miner

    BAY Miner Cloud Mining App Launches with ETH and BTC Users...

    6 hours ago
  • CoinEx Research August 2025 Report: August Ascension: Dual...

    9 hours ago
  • MemeCore七日暴漲 211%引爆熱度 Snorter Bot...

    11 hours ago
  • miner

    Is Bitcoin Investment Still Profitable? Use BTC Cloud...

    11 hours ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Advertise

© 2025 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.