Author: REKT; Compiler: Block unicorn

Hailey Welch, clown and liar in the encryption industry, issued code The currency plummeted 91% in 3 hours.

Some people only enjoy the short 15 minutes of fame, which is as gorgeous as fireworks ; Some people are like old clowns stuck on the stage, stopping for too long and being too embarrassed to leave...

"Seeking attention" in this cryptocurrency field In an era where every viral moment seems to spawn a coin. So, we welcome the Hawk God Girl-Hailey Welch and her $HAWK token. The market value of the token once soared to an astonishing $490 million, but plummeted by 91% in just three hours.

Although Hailey Welch tweeted that "the team is not selling tokens," on-chain data reveals a completely different truth - 96% of tokens are in It has been concentrated in ten associated wallets before going online.

A "sniper" wallet operator easily made a profit of $1.3 million, while ordinary investors watched their investments disappear.

In an era where celebrity-backed tokens are a crash course in disaster, $HAWK may have just set a new record.

As investors complain, law firms begin to hunt around, and some people are already whispering: "HAWK tokens need to hire lawyers to deal with them." "Perhaps, attracting too much attention is not a good thing.

"This is not a money-making operation." Hailey Welch claimed before launching the $HAWK meme coin. The project, backed by the Web3 incubation platform overHere and claiming to build a bridge between the mainstream and crypto worlds, ultimately proved unstable. Just three hours later, $430 million in market capitalization evaporated.

"HAWK is online!" She posted the contract address on Twitter, leading thousands of people to pour in, only to have them annihilated. What happens next will make even seasoned encryption veterans frown: HAWK soared 900%, with its market value soaring to $490 million.

Then gravity came. The token value collapsed by 91%, with the market value remaining at only $41.7 million, all in just a few hours. The solution the team adopted to prevent sniping was to set a high initial fee on the Meteora protocol. However, spoiler alert: this approach simply doesn’t work.

An extremely keen "predator" not only succeeded in sniping, but also staged a "carpet bombing". Just seconds after going live, one wallet quickly siphoned off 17.5% of the token supply and easily completed the transaction for 4,195 WSOL (approximately $965,400).

After just 90 minutes, the wallet made $1.3 million in profit by flipping approximately 178 million HAWK tokens.

At the same time, ordinary investors at the other end of the food chain have been "plucked out their feathers and can no longer fly." It is said that one of the unlucky investors exchanged $1.4 million in MOODENG for HAWK, but watched his investment evaporate in an instant like the promise in the bull market.

If the drama of the launch is not enough, next is the appearance of Coffeezilla, the "favorite" detective in the encryption circle. The "Eagle God" broke into the Spaces live broadcast midway and tried to find out the truth about the so-called "multi-million dollar scam".

His sudden appearance pushed the already chaotic token launch to a climax, but it could not last long because he was muted. .

Did she say something?

Spaces live broadcast continues, but the damage has been done, and Coffeezilla (who is a crypto detective who exposes scams) has ignited a fire that cannot be put out.

Hailey Welch delivered one of the most "Hawkward" moments in crypto history when the discussion turned to questionable fees and token distribution issues Exit - suddenly announce during the live broadcast that he is going to "sleep".

Nothing makes a project more "legitimate" than using a virtual "Irish goodbye" to avoid difficult issues..

All this makes investors wonder: If there is really nothing to hide, why bother "pretending to be asleep"? However, after watching millions of funds disappear in just a few hours, sleeping may become the only "safe haven" from angry investors. But when the money evaporates within hours, can any explanation truly quench the rage?

Crisis public relations follows...

"FUD (panic) spread too much" Outrageous, let’s explain,” the overHere team began an attempt to save the narrative.

Regarding Bubblemaps data showing that 96% of tokens are concentrated in a few wallets, their defense is: "Everything is in line with token economics."

The team claims that these centralized wallets simply reflect the public allocation plan:

21% allocated to Community Fund

20% allocated to Hailey’s fans

30% reserve

17% Strategic allocation

10% is allocated to Hailey (locked position)

Only 2% is publicly allocated

"Hailey's team has absolutely not sold any tokens," they insist, explaining that her token allocation is locked for one year and will take three years to fully unlock.

Perhaps, this is a noble move - if the other 90% of tokens are not "free to act". When a token plummets 91% in three hours, will the market mechanism care about your lock-up period?

Birds move in flocks. But this “eagle” does not fly alone, and the launch of the token does not happen in a vacuum.

A month ago, Hailey Welch sent an intriguing warning: "It is not my token, be careful not to be cheated." She also gave guidancePeople went to Doc Hollywood and SolanaSweeper to ask about the MEME coin business.

It turns out she was half right - it was indeed her tokens, but the "scam" part has stood the test of time.

In the Coffeezilla (Crypto Detective) video, Welch's lawyer inadvertently revealed her actual compensation - an upfront fee of $125,000, and from her 50% of the income from the allocated tokens. As the currency continues to fall, law firms gather like vultures after a desert rainstorm.

Burwick Law on X invites anyone who has lost money in $HAWK to "know your legal rights." Some users claim they have already filed complaints with the SEC—perhaps it will be their turn once SafeMoon investors get their refunds. The real verdict may not come from regulators or lawyers, but from the market itself.

Although criticism is focused on the Welch team, on-chain data shows another "culprit" - part of 17% of strategic allocation tokens flowed to 285 investors from the HAWKXJ address and will be fully unlocked upon launch.

These "early birds" did not hesitate and quickly sold off latecomers. When early investors profit from latecomers, is the token’s spokesperson to blame, or the “invisible hand” of the sell-off?

At least one cunning wallet sniper made off with $1.3 million, while countless others had to deal with lighter baggage than expected.

At least one person saw the warning signs, while others are still busy refreshing Twitter, looking for the next viral moment. In the crypto-attention economy, perhaps the real “winners” are those who know when to look away. In the attention economy, is notoriety as valuable as good reputation?

In the crypto world’s endless pursuit of “the next skyrocketing coin,” even just fifteen minutes of fame can seem incredibly long.

Although Hailey Welch went from being popular on the Internet to issuing MEME coins, many investors also paid painful tuition in this viral traffic carnival and realized The true representative of "explosion fame"price.

Nowadays, every crypto player should be familiar with the textbook "How to Avoid Being Harvested" - Chapter 1: Celebrity Tokens are Healthy for the Wallet major threat.

However, history always repeats itself, and retail investors are still chasing celebrity tokens like moths to a flame, ignoring the increasingly expensive "price" of this game. . As P.T. Barnum is said to have said: “There is a fool born every minute, and two crooks waiting to cut him off.” In the attention economy of the crypto industry, this probability may even seem conservative.

The intersection of traffic and crypto urgently requires a new "gatekeeper" role - one that can bridge the gap between viral traffic and sustainable tokens , and can prevent this from happening before more reputations are damaged and wallets are empty.

Perhaps the real "carpet harvest" does not come from the friends we make along the way, but from our blind belief that "this time will be different" .

As law firms are eager to try and regulators are sharpening their knives, how many fans need to be "plucked" before we admit: sometimes, Fourteen of the fifteen minutes of fame are too many?