cryptodrama

The much-anticipated HAWK Memecoin, backed by social media personality Hailey Welch, has plunged into controversy following a jaw-dropping 90% price crash within hours of its launch. The token, which initially soared over 900%, accumulating a market cap of $490 million, now faces intense backlash from investors accusing insiders and snipers of manipulating its price.
From Moonshot to Meltdown
HAWK, launched on 4th December at 10 PM UTC, debuted at $0.005492 and skyrocketed to a peak of $0.04916. However, in a shocking turn of events, the price plummeted 91%, leaving many investors in significant losses.
Onchain data from DEXScreener highlights troubling trends. Reports show snipers capitalized on the surge, dumping over 135 million HAWK tokens and pocketing a staggering $1.3 million in a single trade. Further analysis suggests that 80% of HAWK's total supply is controlled by a handful of insider wallets, sparking fears of centralized control and pre-planned dumps.
Community Fury and Legal Risks
The situation escalated as accusations of insider trading spread like wildfire. Community notes on X revealed that 96% of HAWK's supply is held by 10 interconnected wallets, which have been systematically selling tokens since the launch.
Investors have flooded Welch’s social media with demands for accountability, and several have reportedly filed complaints with the SEC. These legal troubles could spell further problems for Welch and her team, especially as she denies any involvement with insider wallets or assigned tokens for promotion.
What’s Next for HAWK?
As the dust settles, the once-promising memecoin is at risk of becoming a cautionary tale. With investors questioning the transparency of Welch and her project, it remains unclear whether HAWK can recover from the backlash or if this marks the beginning of its end.

$PI just tanked to $0.53, marking its lowest price ever and shaking the entire community to its core.

What’s causing the crash? Let’s break it down:

🔻 -80% in just 5 weeks – The hype has vanished.

🔓 126 MILLION tokens unlocked – A supply flood hitting an already shaky market.

❌ Still no Binance listing – Despite a massive user base, $PI remains in the shadows of major exchanges.

⚠️ Community frustration boiling over – Once die-hard supporters are now questioning everything.

Is there any hope left?

Technicals suggest a possible bounce, but let’s be honest—without real utility, clear leadership, and top-tier listings, this could spiral further.

What Pi Network MUST do NOW:

✅ Land key exchange listings

✅ Reveal a clear, aggressive roadmap

✅ Rebuild trust with transparency

Because if they don’t act fast... $PI could go from potential giant to forgotten ghost.

Your turn: Is Pi Network still worth holding—or are we witnessing another crypto dream die?

Drop your take below.

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