‘Hawk Tuah’ Creator Haliey Welch Criticized For Memecoin Launch After Price Crashes
I wondered why “hawk tuah” was trending across social media again. I didn’t even read this article; the title says it all. Literally every cryptocurrency ‘project’ follows the same process.
Build hype around a new coin which is literally just a copy of the 20,000 different ones that came before it.
Promise a bunch of people on twitter that you’ve locked your entire holdings for X amount of years because you have a long term vision for it. Tell everyone you haven’t sold a single coin and you don’t plan on it. At least not for the foreseeable future. You might have a staking plan to make your investors passive income until the end of time, maybe a NFT project or an airdrop in a year (or three) for all the diamond hand holders.
We’re all gonna make it!
You aren’t doing this to make a quick buck, you tell your investors. This is a real project with real world utility. It looks exactly the same as last week’s big meme coin but you promise everyone it’s truly unique and different. This is going to be the biggest transfer of wealth in history!!11!
Publish the official contract address so no one buys the wrong thing and gets scammed - remember - this is definitely not a scam but there are so many scammers out there who want to steal the generational wealth you’re about to make!
The coin goes live, the people who got in early dump on all the dipshits who are YOLOing their life savings into it, it crashes and you assure everyone that it’s all going to be fine. Crypto is a volatile market after all. We’re definitely all still going to make it, you just have to hold until the next phase of this cycle.
Sure, it’s possible to make a lot of money if you learn how to play the market and exploit the greater fool, but then you can do the same thing selling crack too.