Part 4/9:
As the crypto landscape unfolded, criticisms began to coalesce around the actions surrounding the Hawke coin. Observers noted that the significant price drop indicated a classic "rug pull" scenario, whereby a select group of investors, having bought in at low prices, began to sell their holdings as demand surged. This sequence of events led many in the crypto community to label Hawke as potentially fraudulent or negligent.
Haley Welch took to social media to assert that her team had made efforts to thwart such maneuvers by imposing high initial fees, and she claimed her insiders hadn’t sold any tokens. However, the intricate network of vested interests and the low entry barriers of meme coins made it difficult for her to fully distance herself from the chaotic aftermath.