Paige Spiranac Critiques Hailey Welch's Memecoin

Golf influencer Paige Spiranac criticized Hailey Welch, known as the 'Hawk Tuah Girl,' after her cryptocurrency launch quickly failed. Spiranac remarked on social media, 'If I’ve learned anything, it’s to never release a memecoin,' following Welch's 'Hawk' coin's initial market cap surge of $490 million, which plummeted to $41.7 million within hours. The rapid decline raised concerns over the integrity of the launch, particularly regarding 'snipers'—investors who accumulate large amounts of new tokens at launch. Welch defended her project, claiming her team tried to mitigate sniper activity and insisting that insiders had not sold any tokens. She emphasized that her intention was not to exploit the situation but to engage with her fans through cryptocurrency. This incident serves as a cautionary tale about the volatility and risks associated with memecoins.