Why Crypto community is up in arms against Hawk Tuah girl after HAWK Memecoin loses 90% value

Hawk Tuah Girl – Hailey Welch recently launched her $HAWK meme coin on the Solana blockchain. The cryptocurrency initially gained massive traction, skyrocketing to an impressive market capitalization of $500 million shortly after its launch. However, the initial hype started to fade away, with the coin’s value plunging by 88% within minutes, dropping to just $60 million.
The sudden crash has triggered widespread speculation and controversy, with various theories emerging about what might have caused the nosedive.