HOLLYWOOD, FLORIDA - MAY 17: Paige Spiranac attends the Sports Illustrated Swimsuit Celebration of the 2024 Issue Release and 60th Anniversary with Swimsuit Island on May 17, 2024 in Hollywood, Florida. (Photo by Alexander Tamargo/Getty Images for Sports Illustrated Swimsuit)
Influencer Paige Spiranac ridiculed Hailey Welch, also known as the Hawk Tuah girl, following the controversial collapse of her meme coin cryptocurrency.
Welch launched her cryptocurrency, Hawk, on Dec. 4, but Dexscreener data showed that its value collapsed by 91% within less than three hours.
According to Cointelegraph, the social media sensation’s cryptocurrency was established on the Solana blockchain and originally had a market cap of $490 million.
Despite this, following the surge to 900% of its original value of $0.005492, Hawk had crashed within hours of its launch to just $41.7 million.
According to aggregated data from Bubblemaps and Dexscreener, a mix of insider wallets and snipers—entities that quickly buy up vast amounts of a token’s supply once it launches—controlled between 80% % and 90% of Hawk’s supply at launch.
This led to accusations of “snipers” and “insider wallets,” asserting that they bought up the coin in the hope of selling it once Hawk reached its peak popularity.
However, data from Solana block explorer Solscan noted that one wallet managed to snipe (to acquire a new NFT) Hawk seconds after launch, having purchased 17.5% of the meme coin’s supply for 4,195 Wrapped Solana (WSOL), which was worth $993,000 at the time.
For the next one-and-a-half hours, the wallet sold 135.8 million Hawk tokens, earning $1.3 million.
In an X post on Dec. 4, Welch said that the team had not sold any tokens and no key opinion leaders had been given free coins.
“Hawkanomics: Team hasn’t sold one token, and not 1 KOL was given 1 free token,” she wrote on X. “We tried to stop snipers as best we could through high fees at the start of launch on @MeteoraAG. Fees have now been dropped.”
One day later, Spiranac became one of the multiple people who shared their opinions about the controversy on the platform.
“If I’ve learned anything, it’s to never release a memecoin,” the golf influencer stated in the post.
Spiranac has been in the news often in the last few years. After she threw the first pitch at a Yankees-Brewers match in September 2022, Spiranac was body-shamed on social media. In a video, she shared her dissatisfaction with the harassment.
In November 2023, Spiranac expressed her interest in replacing veteran golfer Paul Azinger as the lead golf analyst following his unforeseen departure from NBC Sports.
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