Understanding HAWK in one article

HAWK Source and Development

The HAWK project originated from the viral emoji created by Haliey and widely spread. Haliey Welch was originally just an ordinary user in the Internet world, but an unintentional act in a daily conversation completely changed her online trajectory. Earlier in 2024, Haliey used the unique onomatopoeia ‘hawktuah’ to describe sexual behavior in interactions on social platforms. This novel and unique expression instantly attracted the attention of many netizens. With the powerful force of online dissemination, ‘hawktuah’ quickly fermented on mainstream social platforms such as Twitter and TikTok, becoming a hot topic. As a result, Haliey Welch transformed from an unknown ordinary user to a well-known Internet celebrity.

Image Source:https://overhere.gg/products/hawk-tuah

As the popularity of the “hawktuah” meme continues to soar, Haliey Welch keenly realizes the enormous influence she has in the field of internet culture. At this time, the cryptocurrency market is heating up globally, attracting numerous entrepreneurs and influential figures. Haliey Welch sees the potential and opportunities in the cryptocurrency field, and decides to enter the cryptocurrency market leveraging her online celebrity status and the popularity of the “hawktuah” meme.

After careful preparations, Haliey Welch has reached a cooperation with Solana blockchain and token launchpad overhere. The token launchpad overhere provides a convenient online and promotion channel for new projects. With the collaboration of both parties, the HAWK token came into being. On December 4, 2024, at 22:00 (UTC time), the HAWK token officially went live on the Solana blockchain, marking the official entry of this influencer-driven cryptocurrency project into the market.

Image Source:https://x.com/overHere_gg

HAWK Token Economy

HAWK token is a MEME coin based on the Solana blockchain, launched by the Internet celebrity Haliey Welch, who became popular due to the ‘hawktuah’ meme. HAWK was launched on December 4, 2024, with a total supply of 10 billion tokens, all of which are fully circulating.

Image Source:https://overhere.gg/products/hawk-tuah

During the initial token release, Haliey Welch distributed tokens for free to her social media fans, meme, and NFT community members to attract supporters and expand the token’s influence. The market value of HWAK once soared, with prices rising rapidly by over 900%, reaching a market value of nearly $500 million, followed by a sharp decline. As of February 16, 2025, the price of the HAWK token is $0.00053, with a market value of only $5.44 million, and a 24-hour trading volume on Gate.com approaching $520,000.

Image Source:https://www.Gate.com/pilot/solana/hawk-tuah-hawk

Before the official launch of the HAWK token on December 4, 2024, to receive free HAWK tokens, you need to meet the following eligibility criteria: (1) Register an account on the overHere platform, complete the whitelist application process. The whitelist activity period is from November 26 to December 3, 2024; (2) Register on the Galxe platform and complete the corresponding tasks to prove your participation and support for the project; (3) The HAWK token project team will distribute tokens for free to Haliey Welch’s social media fans, as well as members of the meme and NFT communities. Users belonging to these groups will be eligible to receive them. The official free distribution event has ended.

According to Solscan.io data, on February 16, 2025, there were 7856 HAWK holding addresses, of which the top ten addresses accounted for 61.08% of the holdings, with Raydium’s fund pool ranking first at 36.82%.

Image Source:https://solscan.io/token/4GFe6MBDorSy5bLbiUMrgETr6pZcjyfxMDm5ehSgpump#analytics

HAWK token price fluctuates dramatically. After a sharp decline, the community conducted a thorough investigation. Blockchain data shows that as much as 96% of the HAWK token supply is concentrated in only 10 interrelated wallet addresses. This phenomenon has raised significant doubts among community members about the fair distribution of the token, with many questioning whether there was any behind-the-scenes manipulation during the token distribution process. As the questioning intensifies, the community also uncovered suspicious trading activities. Some analysts pointed out that certain traders seemed to have advance knowledge of price movements, selling over 135 million HAWK tokens at the optimal time and making profits exceeding $1.3 million. Such suspicious trading behavior has led the community to suspect insider trading, where certain individuals had prior access to key information about the HAWK token and used it to engage in unfair trading on the market, thereby harming the interests of other ordinary investors.

Haliey Welch, a key figure behind the HAWK token, claims that her team has not sold any HAWK tokens or given any free tokens to any KOLs. However, the community members remain unconvinced, and her social media comments are overwhelmed by a large number of doubts. Currently, investors have filed complaints with the U.S. Securities and Exchange Commission (SEC) against the HAWK token, accusing the project of fraud, insider trading, and other misconduct. A class-action lawsuit has been filed in the U.S. District Court for the Eastern District of New York. The HAWK token project is facing a serious crisis of trust and potential legal risks, with its future development full of uncertainties.

Meme tokens usually lack practical utility and face extremely high volatility and market uncertainty. The investment risk is high, so investors need to make cautious decisions and act within their means.

Hawk technology foundation

Based on the Solana blockchain, Solana is known for its high throughput, low transaction costs, and fast confirmation times, enabling a large number of HAWK token transactions to ensure efficient processing and lower costs. It uses a hybrid consensus mechanism of Proof of History (PoH) and Proof of Stake (PoS) to ensure network security and decentralization while increasing transaction confirmation speeds.

Hawk is built around an active community, deeply integrated into multiple platforms such as TikTok, Talk Tuah Podcast, etc. Haliey’s presence and continuous interaction with fans maintain this momentum, ensuring that users stay connected with the project in addition to price fluctuations.

Risk Warning

(1) High market risk: HAWK token prices fluctuate dramatically, soaring over 900% shortly after launch, then plummeting 95%, making it difficult to grasp the investment timing. At the same time, about 96% of the tokens are concentrated in 10 related wallets, raising suspicions of market manipulation, making ordinary investors vulnerable.

(2) High legal risks: HAWK project is facing legal disputes, with investors believing that its issuance is similar to unregistered securities, leading to violations and causing losses to investors. Moreover, the cryptocurrency regulatory policies are incomplete and vary greatly, and policy changes can affect the project and the security of investors’ assets.

(3) Operational Risks: The project team’s contradictory statements with blockchain data have triggered a crisis of trust, hindering project development and lowering investor confidence. In addition, the project lacks a clear business model, relies on internet celebrity popularity and speculation, making long-term development uncertain and value prone to fade with popularity.