Tag #Attention Economy

What caused the dramatic loss of value in the \"Hawk\" memecoin, and what are the immediate consequences for investors?

The memecoin \"Hawk\" launched on December 4th, initially valued at $490 million, plummeted to $17 million shortly after. This rapid devaluation followed accusations against its creator, Haliey Welch, of a \"rug pull\"—a scheme where developers profit quickly then abandon the project. Welch denies these claims.