cryptocurrency news
Cryptocurrency news
In the new episode of her podcast Talk Tuah, Welch chats with longtime friend Chelsea Bradford about the crypto crash in December of her meme coin $HAWK, which led investors to file a lawsuit in New York against its creators https://growseeds.info/bonuses/mobile/free/. Welch became an overnight social media sensation last summer after her on-the-street interview with Tim & Dee TV in which she described a supposedly foolproof way to excite a man in the bedroom.
During the conversation, Welch acknowledges that it “makes me throw up” that her fans trusted her to have lent her likeness to a meme coin about which she didn’t have full knowledge. She adds that this experience has taught her important lessons regarding who to trust.
‘They wanted to see my phone, so I was like, « OK, well, that’s not a problem, »‘ Welch said, adding that they interrogated her about everything related to the cryptocurrency and the people she discussed it with over the phone. ‘They went through my phone, so they cleared me. I was good to go,’ she noted.
Hawk tuah girl cryptocurrency lawsuit
The suit names overHere Ltd., a Web3 crypto launchpad platform that helped facilitate the sale; Clinton So, the company’s founder; the Tuah the Moon Foundation, an entity that allegedly sold an allocation of coins; and Alex Larson Schultz, a musician and crypto promoter.
The nature of Welch’s cooperation with Burwick Law is also unclear, but presumably she has a digital paper trail to prove that she was deceived or misadvised by her crypto partners — if indeed that is the case. Such material would likely bolster the lawsuit’s allegations of securities violations.
After two weeks of silence, Welch spoke out on Friday about her commitment to help those who have lost money. She wrote on X: “I take this situation extremely seriously and want to address my fans, the investors who have been affected, and the broader community. I am fully cooperating with and am committed to assisting the legal team representing the individuals impacted, as well as to help uncover the truth, hold the responsible parties accountable, and resolve this matter.”
On Dec. 4, when $HAWK tokens were launched, the meme coin rose to a $490 million market cap, before tanking by 95 percent within minutes to below $100 million. According to reports, investors lost a combined $151,000. The suit also accuses the team of exploiting Welch’s popularity to market the token, claiming insider trading and deceptive promotional practices took place.
Welch helped launch the cryptocurrency, named after her viral catchphrase, earlier this month. Within hours after the digital coin was made available, its price plummeted and the 22-year-old influencer faced accusations that it was a scam. At the time, Welch’s team blamed “snipers” — bots programmed to buy tokens immediately upon launch and sell when prices spike — for causing the market cap fluctuation.
Cryptocurrency shiba inu
These long strings of numbers, both in terms of tokens owned and the price per token, make calculation difficult. As such, some SHIB investors multiply their holding of SHIB tokens by an optimistic future price of $0.01 per SHIB or even $1, mostly just for simplicity’s sake.
The speed of Shiba Inu transactions depends on the speed at which the Ethereum network is processing them, given that SHIB exists as an ERC-20 token on Ethereum. This tends to be no more than a few minutes on average.
As of June 2022, around 549 trillion SHIB were in circulation. There were 1 quadrillion SHIB tokens in existence at launch, but 50% of that was sent to Vitalik Buterin, who burned most of it and donated the rest.
This followed the launch of ShibaSwap’s burn portal in April 2022, which rewarded users for burning SHIB with burntSHIB tokens. This burntSHIB is used to get RYOSHI tokens, which can also be staked on ShibaSwap.
Similar to Dogecoin, Shiba Inu’s major differentiating factor is its community. A single day after its July 2021 launch, ShibaSwap saw $1 billion in liquidity, showing the level of investment of its community.
We have been collecting market trading data for Shiba Inu (SHIB) since March, 21 2021. The lowest rate ever recorded was in March 2021, 4 years ago, when Shiba Inu was worth only $4.01E-8. The best year for Shiba Inu was 2022, with its price surging from $0.0000103 to $0.0000453. The worst year for Shiba Inu was 2022, when the price dropped from $0.0000334 to $0.0000075.
