Paige Spiranac appeared to throw shade at Haliey Welch following the latter’s meme coin launch, which has turned out to be a disaster.
Welch’s $HAWK cryptocurrency went live on Wednesday, hitting a market cap of $490 million before crashing to a reported $36 million in just a few hours.
The drastic drop in price cost investors a lot of money, while Welch and her team have been accused of ripping everyone off and making away with around $50 million in profit. According to Bubblemaps, 80-90 percent of the coin was owned by a small number of wallets, which dumped it shortly after it touched the aforementioned, leaving hopeful investors holding a mostly empty bag.
Spiranac has weighed in on the possible scandal, taking to X to tweet, “If I’ve learned anything, it’s to never release a memecoin.”
If I’ve learned anything, it’s to never release a memecoin
— Paige Spiranac (@PaigeSpiranac) December 5, 2024
“but think of how much money you could make???” someone joked in the comments.
“Damn, I was holding out to buy a Spiranac coin!” another quipped.
“If I’ve learned anything, it’s never to buy something that doesn’t really exist,” said a third.
