haliey Welchinfluencer known as “Hawk Luck Girl” or “Meme girl”, had an unfortunate moment after would collapse its cryptocurrency called Hawkcoin.
Hawkcoin it was just launched this week by the girl Hawk Tuah, who has about 450 thousand followers on the social network failed to establish itself in the digital market.
According to some experts, this is as Haliey Welch dropped his cryptocurrency without financial backingas he would only have appealed to his fame to gain a position on the issue.
Hailey Welch, the Hawk Tuah girl, experiences the collapse of her cryptocurrency within hours of launching it
Influence her Haliey Welch is in the middle of a controversy, after its cryptocurrency collapsed Hawkcoin just launched.
And it is indeed according to reports, in a little less than 24 hours its price fell to the ground, losing up to 95% of its launch value.
Through a statement Haliey Welch He apologized to his followers,and accused that this was as of large investment groups.
This is because the girl hawk Tuah pointed out that they bought large amounts of her cryptocurrency and they resold them quickly to make a profit.
Consequently, he said this depreciated its value and caused all those who bought a Hawkcoin lose their investments.
Market data indicated that the Hawk Tuah girl’s cryptocurrency reached a value close to 490 million dollars.
However, only hours later fell to 28 million and it is speculated that it will continue to depreciate as the days go by.
Hawk Tuah: hailey Welch’s Cryptocurrency Crash, the Hawk Tuah Girl (@HalieyWelchX | X )
Hailey Welch accused of committing fraud with her Hawk Tuah cryptocurrency
After the fall of Hawkcoin, Hailey Welchand also his team, were singled out inflate the market intentionally with his cryptocurrency.
Experts have called this type of actions “pump and dump”,which they said is very common in the world of virtual currencies.
That is, this refers to the fact that the holders of a cryptocurrency, whose future is not very encouraging, launch advertising campaigns with false informationencouraging buyers to purchase it.
Once this situation occurs, the coins reach their real value, which – in most cases – is always excessively lower than the launch price.
As of this Hailey Welch is accused of fraudso it is indeed expected that followers who acquired his Hawkcoin cryptocurrency can take some type of action against him.
However, it was also considered as a market risksince any cryptocurrency, like bitcoin, is subject to unpredictable changes.
Hawk Tuah: Hailey Welch’s Cryptocurrency Crash, the Hawk Tuah Girl (@HalieyWelchX | X )
– How can influencers prevent cryptocurrency failures in teh future?
Interview: The Collapse of Hawkcoin – A Conversation with Cryptocurrency Expert dr. Emily Chen
Time.news Editor: Thank you for joining us today, Dr. Chen. As you know, the news surrounding influencer Haliey Welch and her cryptocurrency, Hawkcoin, has caused quite a stir. The coin reportedly lost 95% of its value within hours of launch. What’s your take on this situation?
Dr. Emily Chen: Thank you for having me. The collapse of Hawkcoin is emblematic of the volatile nature of the cryptocurrency market, especially when linked to figures who may not have a solid financial or technical backing. Haliey Welch’s attempt to leverage her social media influence without the necessary infrastructure or strategy has lead to this rapid downfall.
Time.news Editor: It’s surprising to see such a drastic drop so quickly. What factors typically contribute to a cryptocurrency’s failure after launch?
Dr. emily Chen: Several factors can contribute. First and foremost,a lack of financial backing,which is evidently the case with Hawkcoin.Its crucial for any cryptocurrency to have real value—backed by either assets or a well-defined utility. If a coin is merely launched on the whim of an influencer who hasn’t provided significant proof of its worth,it risks becoming a speculative bubble.
Time.news Editor: you mentioned the importance of real value. Can you explain why experts believe Haliey Welch’s lack of financial support led to this crisis?
Dr. Emily Chen: Certainly. When Haliey released Hawkcoin, it truly seems she relied heavily on her social media influence rather than any underlying technology or economic model. Without proper backing or a unique proposition that distinguishes a coin, investor confidence is fragile. In this case, it appears investors were rapid to realize the lack of substance behind the hype, leading to massive sell-offs.
time.news Editor: Welch has as apologized and pointed fingers at large investment groups buying into her cryptocurrency. Do you think blaming external investors is a valid defense?
Dr. Emily Chen: Not really. While it’s common for big players to invest in new cryptocurrencies, the responsibility ultimately lies with the issuer. As a creator of the coin, haliey should have anticipated the response from the market and ensured that there was a stable infrastructure. Blaming external investors may distract from her own lack of readiness and strategy.
Time.news Editor: What advice would you give to influencers looking to venture into cryptocurrency?
Dr. Emily Chen: My primary advice would be to take a step back and deeply educate themselves about the crypto space. This includes understanding blockchain technology, market dynamics, and the legal implications. Collaborating with financial experts and providing substantial value propositions are essential to building trust and sustaining investor confidence.
Time.news Editor: Great insights, Dr.chen. As we wrap up, can you share your thoughts on the future of celebrity-owned cryptocurrencies?
Dr. Emily Chen: The future can be luminous, but it comes with notable risks. Celebrity influence can undoubtedly bring attention to a new cryptocurrency, but without genuine backing, the burst of popularity can quickly turn into disappointment. Celebrities should partner with credible professionals to create clear, responsible crypto projects that offer real value to their audiences. Otherwise, we might see more dramatic collapses like Hawkcoin’s.
Time.news Editor: Thank you for sharing your expertise with us today, Dr. Chen. This conversation has shed light on the delicate interplay between influence and responsibility in the cryptocurrency market.
Dr. Emily Chen: Thank you for having me. It’s a pleasure discussing such an impactful topic.