Golf influencer Paige Spiranac learned a lesson today: stay far away from creating a memecoin.
Haliey Welch, better known on social media as “Hawk Tuah Girl,” has capitalized on her recent fame in countless ways, but her latest effort crashed and burned before it could even get off the ground.
Welch launched her own cryptocurrency on Wednesday, and it saw a pretty good rise just hours after launch, with a market cap of $490 million. according to Cointelegraph, which cited data from DexScreener.
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Haliey Welch will appear at SiriusXM Studios in Los Angeles on July 31, 2024. (Michael Tullberg/Getty Images)
Within hours, however, the coin known as Hawk plummeted to a value of just $41.7 million.
As controversy swirled around the coin, Spiranac posted on X with a light jab at Welch and her team.
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“If I’ve learned anything, it’s to never release a memecoin,” the post said.
Honorary pace car driver Paige Spiranac poses for a photo on the grid for the NASCAR Cup Series Coke Zero Sugar 400 at Daytona International Speedway, August 24, 2024, in Daytona Beach, Florida. (Sean Gardner/Getty Images)
Bubblemaps, a site that analyzes blockchain data, found that a few people owned the vast majority of Hawk, sparking controversy over “snipers,” or investors who move quickly to steal a majority of the new meme tokens buy when they launch.
Welch spoke about it on
Paige Spiranac attends the Sports Illustrated Swimsuit 2024 Issue and 60th Anniversary Celebration with Swimming Island on May 18, 2024 in Hollywood, Florida. (Alexander Tamargo/Getty Images for Sports Illustrated swimsuit)
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The 22 year old overnight celebrity told Fortune that Hawk was not intended as a “cash grab.” She said that while she used to think of cryptocurrency as a scam, she changed her mind because it’s a “fun way for my fans to interact with each other.”
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