Haliey Welch, famously known as the “Hawk tuah girl,” made headlines after launching her own memecoin. However, the cryptocurrency experienced a sharp decline shortly after its debut.
Welch, a 22-year-old social media influencer, excitedly announced the launch with a post on X, sharing a brief video of her enthusiasm. Initially, the token saw a remarkable peak, ballooning to a market cap of $500 million, but it quickly fell to under $60 million within a mere 20 minutes, raising concerns among critics who accused her of orchestrating a cryptocurrency scam.
In response to the backlash, Welch addressed her followers, explaining that her team had made efforts to mitigate issues during the launch by implementing high fees. She also emphasized that no tokens had been sold by her team.
Before the launch, Welch expressed her intentions, clarifying that her memecoin was “not just a cash grab.” Once skeptical about the cryptocurrency world, viewing it as a potential scam, she has since reassessed her views and sought to participate more positively.
Welch has also gained notoriety for her past provocative comments but has recently channeled her public persona into charitable efforts. She founded a nonprofit organization called “Paws Across America,” aimed at raising awareness and funds for animal charities across the United States. “Growing up, the one constant in my life was my pets and they helped me get through so much,” she noted. This initiative reflects her desire to give back to the community and support animals in need.
Looking forward, despite the rocky start of her memecoin, Welch’s philanthropic efforts show her commitment to using her platform for positive impact. This could inspire others in the cryptocurrency space to prioritize responsible initiatives and community well-being alongside financial ventures.
In summary, while the launch of Welch’s memecoin encountered significant challenges, it can be seen as a stepping stone towards her larger mission of charitable giving. As the cryptocurrency landscape evolves, it is essential for influencers to balance their entrepreneurial pursuits with ethical responsibility, which Welch seems to embrace through her nonprofit work.