Explainer: Hawk Tuah Girl's crypto token crashes, wiping out $500 million in 24 hours

Hawk Tuah Girl Hailey Welch's $HAWK shitcoin crashed and burned this week, vaporizing nearly half a billion dollars of investor money in what critics are calling a textbook pump-and-dump scheme. The social media influencer's initially surged 900% on Wednesday, before plummeting 95%, reducing its market capitalization from nearly $500 million to $28 million. — Read the rest

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