Haliey Welch, known as the Hawk Tuah girl, launched her meme coin $Hawk on Solana, only to witness it plummet in value within minutes of its release.
One early investor claimed to have lost $33,000 within just 10 minutes of purchasing $Hawk, expressing his devastation over losing his life savings.
Multiple investors took to social media, expressing alarm as they reported significant losses with one user down $20,000 just moments after buying.
Concerns arose as some questioned whether Welch's actions were ethical, suspecting she had sold off 97% of her coin's supply shortly after launching it.
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