Scam Tuah Is Still Asleep And It's Getting Worse...
Source: YouTube · SomeOrdinaryGamers · published Dec 19, 2024 · 25:36
The Hawk Tua meme coin, launched by influencer Haley Welch, collapsed 95% within 24 hours, exposing the scam nature of influencer-driven crypto projects 1:56. The token offered no utility, had a negligible market cap of $5,372, and relied on hype rather than value, making it a speculative gamble 3:54.
Key Takeaways:
• Hawk Tua lost 95% of its value in one day, demonstrating extreme volatility and scam characteristics 1:56.
• A sniper wallet ("hi iqj") bought 176 million tokens for ~$1.1M and dumped them within minutes, profiting at least $1M 14:59.
• The token had no real utility, no bonding curve, and a market cap of $5,372, indicating it was designed solely for speculation 3:54.
• The official team, Doc Hollywood (Alex Schultz), controlled 15% trading fees and treasury with no transparency, enabling fraud 19:05.
• Influencers like Haley Welch profit indirectly through fame, while scammers and insiders reap financial gains, showing systemic accountability failures 22:30.
Investing in influencer-led meme coins is irrational and dangerous, with no real safeguards or legal consequences for fraud.
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Transcript Preview
First 800 characters of the transcript
hello guys and girls me mudahar and uh yeah today we're talking about something that I'm a little bit laate on but ladies and gentlemen scam two up a token that uh took the World by storm a token that lost 95% of its value within a day now I think I think if you buy stupid tokens uh I don't really have a lot of sympathy for people that lose their money at this point in my life okay I really feel like when we're talking about the world of meme coins uh we are talking about people that are absolute gamblers and I feel like it's not really an investment it's you having a gambling problem that you need to sort out but the thing about it is ultimately when it comes to a crypto scam or an influencer scam being mad at the people getting scammed is ultimately a pointless like Endeavor because if i…