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Home CRYPTO

Everything You Need to Know About the Hawk Tuah Girl Meme Coin Launch

Michael Juanico by Michael Juanico
December 4, 2024
in CRYPTO, FEATURED
Reading Time: 4 mins read
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• Haliey Welch, a viral internet sensation, has launched her official cryptocurrency token on the Solana blockchain
• This marks the latest addition to the growing trend of celebrity tokens debuting on decentralized platforms
• The Birth of a Viral Sensation Haliey Welch became an internet sensation

Haliey Welch, a viral internet sensation, has launched her official cryptocurrency token on the Solana blockchain. This marks the latest addition to the growing trend of celebrity tokens debuting on decentralized platforms.

JUST IN: Hawk Tuah girl @HalieyWelchX just launched her own meme coin $HAWK and it's already over $450 million in market cap 🤯

What is happening??? pic.twitter.com/OVnekRg2Fm

— BlockNews (@blocknewsdotcom) December 4, 2024

The Birth of a Viral Sensation

Haliey Welch became an internet sensation earlier this year thanks to a viral moment involving the phrase “hawk tuah,” an onomatopoeic description of a sexual act. The phrase quickly morphed into a meme that spread like wildfire across social media platforms. Welch’s meteoric rise took her from an ordinary minimum-wage worker with no Instagram account to a household name in meme culture.

HAWK Token Goes Live on Solana

The “hawk tuah” meme has now made its way to the blockchain. Welch’s HAWK token officially launched on Solana-based exchanges at 22:00 UTC on Wednesday, facilitated by the token launchpad overHere. In its initial minutes of trading, HAWK’s market cap skyrocketed to $491 million, only to plummet below $100 million shortly thereafter.

The token’s launch was preceded by a week-long distribution campaign (Nov. 26–Dec. 2), during which Welch handed out free HAWK tokens to her social media followers and supporters within the meme and NFT communities.

Building a Sustainable Token Ecosystem

In a statement shared with CoinDesk, Welch revealed that her tokens are subject to a vesting schedule: she cannot sell her personal holdings for one year, and they will vest over three years. This structure reflects her commitment to creating a sustainable project rather than riding the wave of fleeting internet fame.

“Who doesn’t love a good meme?” Welch commented. “Meme culture drew me into the world of crypto, and launching my own token feels like the perfect way to give back to my fans while protecting them from scammers.”

The HAWK token is backed by a Cayman Islands-based foundation, ensuring full legal compliance in the U.S. and benefiting from private, non-U.S. investors who contributed to its $34.5 million initial valuation.

A New Chapter for Celebrity Tokens

The Solana blockchain experienced a boom of celebrity tokens earlier this year, particularly during a frenzied period in May. Many of these tokens, released by niche or lesser-known artists through platforms like Pump.Fun, saw their value collapse by 99% within days or even hours of launch.

However, Welch’s team insists that HAWK is not a flash-in-the-pan project. They are committed to building a lasting community around the token, leveraging Welch’s influence to foster meaningful engagement with her fan base.

Protecting Fans and Fighting Scammers

Jonnie Forster, Welch’s manager, emphasized the importance of the HAWK token in protecting her community from fraudulent schemes: “Launching the $HAWK token creates a fun, secure, and innovative way for Haliey to connect with her community. It empowers her fans while eliminating the confusion caused by unauthorized coins exploiting her name and likeness.”

Conclusion

Haliey Welch’s journey from viral meme to blockchain innovator highlights the intersection of internet culture and decentralized finance. With a focus on sustainability and fan engagement, the HAWK token aims to break free from the pitfalls that have plagued celebrity tokens in the past, creating a unique opportunity for community building in the world of crypto. Whether or not this is for the better or worse is yet to be seen.

Disclaimer: BlockNews provides independent reporting on crypto, blockchain, and digital finance. All content is for informational purposes only and does not constitute financial advice. Readers should do their own research before making investment decisions. Some articles may use AI tools to assist in drafting, but every piece is reviewed and edited by our editorial team of experienced crypto writers and analysts before publication.
Tags: Haliey WelchHawkHawk Tuah GirlMeme CoinSolana blockchain
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Michael Juanico

Michael Juanico

Michael is a BSBA Management graduate from Mindanao State University and has been a professional content writer since 2019. He began exploring cryptocurrency in 2021 and has since made blockchain and digital assets his primary focus. For nearly four years, Michael has contributed research and editorial content at Aiur Labs and BlockNews, producing clear and accessible coverage of market trends, trading strategies, and project developments. He is transparent about his personal holdings in Bitcoin, TRON, and select meme tokens, combining writing expertise with hands-on market experience to deliver trustworthy insights to readers.

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