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  • May 20, 2025
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  • Hawk tuah girl cryptocurrency lawsuit
  • Hawk tuah girl cryptocurrency

Cryptocurrency

Cryptocurrency exchanges provide markets where cryptocurrencies are bought and sold 24/7. Depending on the exchange, cryptocurrencies can be traded against other cryptocurrencies (for example BTC/ETH) or against fiat currencies like USD or EUR (for example BTC/USD) https://mp3-extension.com/. On exchanges, traders submit orders that specify either the highest price at which they’re willing to buy the cryptocurrency, or the lowest price at which they’re willing to sell. These market dynamics ultimately determine the current price of any given cryptocurrency.

Even though market cap is a widely used metric, it can sometimes be misleading. A good rule of thumb is that the usefulness of any given cryptocurrency’s market cap metric increases in proportion with the cryptocurrency’s trading volume. If a cryptocurrency is actively traded and has deep liquidity across many different exchanges, it becomes much harder for single actors to manipulate prices and create an unrealistic market cap for the cryptocurrency.

The Bitcoin market cap is currently 2,077.47 billion. We arrive at this figure by multiplying the price of 1 BTC and the circulating supply of Bitcoin. The Bitcoin price is currently $ 104,584 and its circulating supply is 19.86 million. If we multiply these two numbers, we arrive at a market cap of 2,077.47 billion.

Let’s say that a company creates Stablecoin X (SCX), which is designed to trade as closely to $1 as possible at all times. The company will hold USD reserves equal to the number of SCX tokens in circulation, and will provide users the option to redeem 1 SCX token for $1. If the price of SCX is lower than $1, demand for SCX will increase because traders will buy it and redeem it for a profit. This will drive the price of SCX back towards $1.

With a blockchain, it’s possible for participants from across the world to verify and agree on the current state of the ledger. Blockchain was invented by Satoshi Nakamoto for the purposes of Bitcoin. Other developers have expanded upon Satoshi Nakamoto’s idea and created new types of blockchains – in fact, blockchains also have several uses outside of cryptocurrencies.

Hawk tuah girl cryptocurrency lawsuit

But earlier this month, disaster struck when Welch released $HAWK, a cryptocurrency based on her valuable personal brand. Such crypto assets, known as “meme coins,” are known as volatile investments, and tend to trade according to the boom-and-bust cycles of the online phenomena that inspire them. Welch’s coin, developed by partners running a foundation out of the Cayman Islands, spiked in value when it debuted only to crater within hours, plummeting more than 90 percent from a market cap of nearly $500 million to under $30 million.

On Thursday, a lawsuit, filed in the U.S. District Court in New York, was filed against the $HAWK creators. Filed by investors, it accuses overHere Ltd., its founder, Clinton So, and social media influencer, Alex Larson Schultz, as well as the Tuah The Moon Foundation of unlawfully promoting and selling cryptocurrency that was allegedly never properly registered. Welch, however, is not named as a defendant in the suit.

The internet personality’s statement comes two weeks after the devastating crash of her cryptocurrency. On December 4, Welch launched her highly-anticipated memecoin, which flourished to a whopping $500 million on Solana. However, just 20 minutes into the launch, $HAWK plunged to $60 minutes, costing some investors their “whole life savings.”

hawk tuah girl cryptocurrency

But earlier this month, disaster struck when Welch released $HAWK, a cryptocurrency based on her valuable personal brand. Such crypto assets, known as “meme coins,” are known as volatile investments, and tend to trade according to the boom-and-bust cycles of the online phenomena that inspire them. Welch’s coin, developed by partners running a foundation out of the Cayman Islands, spiked in value when it debuted only to crater within hours, plummeting more than 90 percent from a market cap of nearly $500 million to under $30 million.

On Thursday, a lawsuit, filed in the U.S. District Court in New York, was filed against the $HAWK creators. Filed by investors, it accuses overHere Ltd., its founder, Clinton So, and social media influencer, Alex Larson Schultz, as well as the Tuah The Moon Foundation of unlawfully promoting and selling cryptocurrency that was allegedly never properly registered. Welch, however, is not named as a defendant in the suit.

Hawk tuah girl cryptocurrency

As explained by Yuriy Brisov, a partner at Digital and Analogue Partners law firm, Welch could face charges of security fraud from the United States Securities and Exchange Commission (SEC), and also money laundering or wire fraud from the Department of Justice (DOJ).

Influencer Haliey Welch, who shot to internet stardom this year thanks to a particularly viral interview clip, is pushing back on accusations that “HAWK,” the cryptocurrency she helped launch this week, is a scam after its price plummeted. Welch said on X that she and the people behind the coin have not sold any of their holdings.

“All my comments, if you read those, people are like, ‘Oh, well, I lost a lot of money in this. Now my kids have to go without stuff.’ I don’t know. It makes me feel, like, really sorry for it,” Welch explained.

what is cryptocurrency

As explained by Yuriy Brisov, a partner at Digital and Analogue Partners law firm, Welch could face charges of security fraud from the United States Securities and Exchange Commission (SEC), and also money laundering or wire fraud from the Department of Justice (DOJ).

Influencer Haliey Welch, who shot to internet stardom this year thanks to a particularly viral interview clip, is pushing back on accusations that “HAWK,” the cryptocurrency she helped launch this week, is a scam after its price plummeted. Welch said on X that she and the people behind the coin have not sold any of their holdings.

“All my comments, if you read those, people are like, ‘Oh, well, I lost a lot of money in this. Now my kids have to go without stuff.’ I don’t know. It makes me feel, like, really sorry for it,” Welch explained.

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