Online star faces crypto coin criticism
Getty ImagesHaliey Welch, known mostly as the star of the viral “Hawk Tuah” meme, is facing criticism after her newly launched cryptocurrency nosedived in value.
Her “Hawk” digital coin hit a $490m market cap shortly after it launched on Wednesday, before suddenly losing more than 95% of its value within hours.
This has led some, including YouTube cryptocurrency investigator Coffeezilla, to accuse Ms Welch of scamming investors with a “pump and dump” – where the people behind a coin hype up its price before launch, then sell it for profit.
She has denied allegations that her team sold any of the tokens they owned.
The BBC has approached Ms Welch’s representatives for comment.
“Team hasn’t sold one token,” she wrote in a copy and pasted post…
