Observation》Internet celebrity Hailey Welch, from 'MEME Queen' to meme coin offering

Hailey Welch's Token issuance saw a big dump of 91% in just 3 hours. This article is based on a piece by REKT, compiled and translated by Block unicorn. (Previous context: Internet celebrity MrBeast reveals dark secrets again! Profits exceed 10 million USD from promoting the counterfeit coin 'Be Played for Suckers') (Background: Be Played for Suckers targeted》SEC, FBI, and the Department of Justice collaborate to sue 4 cryptocurrency companies for market manipulation and fraud) Some people only enjoy their brief 15 minutes of fame, like a dazzling firework; while others, like an old clown stuck on stage, linger too long, unable to leave the scene... In this era of 'seeking followers' in the cryptocurrency field, every viral moment seems to give birth to a new Token. And so, we welcome the eagle goddess - Hailey Welch and her $HAWK Token, which soared to an astonishing 490 million USD in Market Cap, only to plummet 91% in just three hours. Despite Hailey Welch's tweet guaranteeing that 'the team did not dump any Token', on-chain data revealed a completely different truth - 96% of the Token was already concentrated in ten associated Wallets before going online. A 'sniper' Wallet operator easily made a profit of 1.3 million USD, while ordinary investors watched their investments vanish into thin air. In this era where celebrity-supported Tokens become 'disaster crash courses', $HAWK may have just rewritten the record. As investors lament, law firms start to 'prey', and some have already quietly complained: 'HAWK Token needs to hire a lawyer.' Perhaps, attracting too much attention is not a good thing. 'This is not a fundraising operation.' Hailey Welch claimed before launching the $HAWK meme coin. This project, supported by the Web3 incubation platform overHere and claiming to build a bridge between mainstream and encryption worlds, ultimately proved to be unstable. Just three hours later, the Market Cap of 430 million USD evaporated like air. 'HAWK is live!' She released the contract Address on Twitter, leading thousands of people in, only to see them completely wiped out. The next event even makes experienced encryption Seasoned Traders furrow their brows: HAWK big pump 900%, Market Cap soared to 490 million USD. Then, gravity arrived. The Token's value collapsed by 91%, and the Market Cap was left with only 41.7 million USD, all within a few hours. The solution the team took to prevent sniping was to set a high initial fee on the Meteora protocol. However, spoiler alert: this method was useless. A remarkably sharp 'predator' not only successfully sniped but also staged a 'carpet bombing'. Within seconds of going online, a Wallet swiftly absorbed 17.5% of the Token supply and effortlessly completed the transaction with 4,195 WSOL (approximately 965,400 USD). Just 90 minutes later, this Wallet made a profit of 1.3 million USD by flipping approximately 178 million HAWK Tokens. Meanwhile, on the other end of the food chain, ordinary investors were 'plucked of their feathers, unable to fly again'. Allegedly, one unlucky investor exchanged 1.4 million USD worth of MOODENG for HAWK, only to watch their investment vanish like a promise in a bull market. If the drama of going live wasn't enough, next came the entry of encryption community's beloved detective Coffeezilla. This 'eagle goddess' interrupted a Spaces live stream, attempting to inquire about the truth behind the so-called 'multi-million-dollar eyewash'. His sudden appearance propelled this already chaotic Token release to a climax, but it didn't last long as he was muted. What did she say? The Spaces live stream continued, but the damage was done - Coffeezilla (he is an encryption detective who exposes eyewash) ignited an unstoppable fire. When the discussion turned to those suspicious fees and Token distribution issues, Hailey Welch left the encryption history with the most 'Hawkward' exit - suddenly announcing that she was 'going to bed' during the live stream. Nothing seems more 'legitimate' than avoiding tricky questions with a virtual 'Irish goodbye'. All of this leaves investors wondering: if there's really nothing to hide, then why rush to 'pretend to sleep'? However, when millions of funds turn into nothing in just a few hours, can any explanation truly extinguish the anger? Crisis PR follows closely... 'The fear, uncertainty, and doubt (FUD) has spread too far, let us explain,' the overHere team began an attempt to salvage the narrative. In response to doubts raised by Bubblemaps data showing 96% of the Token concentrated in a few Wallets, their defense was: 'Everything complies with Token economics.' The team claims that these concentrated Wallets merely reflect the public distribution plan: 21% allocated to community fund, 20% allocated to Hailey's fans, 30% reserved, 17% strategic allocation, 10% allocated to Hailey (Lock-up Position), with only 2% publicly allocated. 'Hailey's team absolutely did not dump any Token,' they insisted, explaining that her Token distribution was locked up for a year and fully unlocked in three years. Perhaps this is a noble move - if the other 90% of the Token didn't have 'freedom of movement'. When a Token big dumps 91% within three hours, does the market mechanism care about your Lock-up Position period? Birds of a feather flock together But this 'eagle' is not flying alone, the launch of the Token did not happen in a vacuum. A month ago, Hailey Welch issued an intriguing warning: '(on-chain seen) is not my Token, be careful not to be fooled.' She even directed people to consult with Doc Hollywood and SolanaSweeper regarding the MEME coin business. As it turns out, half of her words were correct - indeed it was her Token, but the 'eyewash' part has stood the test of time. In a video from Coffeezilla (encryption detective), Welch's lawyer inadvertently revealed her actual compensation - a prepayment of 125,000 USD, as well as a 50% cut of the Token proceeds she distributed. As the Token continues to plummet, law firms are gathering like vultures after a desert rain. Burwick Law on X invites anyone who has incurred losses in $HAWK to 'understand their legal rights'. Some users claim that they have already submitted complaints to the SEC - perhaps it's their turn after SafeMoon investors get their refunds. The real judgment may not come from regulators or lawyers, but from the market itself. Although criticism is focused on the Welch team, on-chain data revealed another 'culprit' - 17% of the strategic allocation Token flowed to 285 investors from the HAWKXJ Address, fully unlocked upon going live. These 'early birds' did not hesitate, quickly dumping on later arrivals. When early...