Fellatio expert bungles her cryto launch

Call Me Tim

Call Me Tim

Dramacrat
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The Hawk Tuah crypto is what's known as a meme coin, which like the Dogecoin associated with Elon Musk, references popular social media memes.

Welch’s coin quickly hit a market capitalization of nearly $500 million before immediately plummeting 95% to $25 million as of Thursday afternoon, resulting in big losses for some traders, according to Forbes, which cited DexScreener data.

CoinTelegraph, which covers news on the crypto industry, reported about 80% to 90% of the Hawk Tuah supply was controlled by entities known as snipers that buy up most of the supply, sell it for a massive profit and tank the value.

The launch turned into a debacle, sparking backlash on social media.

Some investors on social media site X claimed to be filing complaints with the SEC, while Burwick Law, a firm that specializes in cryptocurrency, advertised its services to those who lost money on the meme coin.

In an audio event on X Spaces, Stephen Findeisen, a popular crypto YouTuber who goes by Coffeezilla, told Welch and her team that the rollout was “one of the most miserable, horrible launches I’ve ever seen." He even accused them of insider trading, which they denied.

Welch said in a post on X her team had not sold any tokens and they “tried to stop snipers as best we could.”
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Not the first time she's blown something big
 
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