How FOMO Lost This Crypto Trader $1.4 Million in Hawk Coin in 15 Mins?

In this dynamic crypto trading industry, investors with the right trading strategies can bag heavy gains. However, in contrast, crypto traders with poor strategies could lose everything. Interestingly, this one trader lost millions with a wrong mistake, as he invested in a newly launched memecoin just because of Hawk coin FOMO and ended up losing $1.4M in just 15 minutes.

At the time of reporting, the entire crypto trading industry is celebrating the Bitcoin price rally, but a few investors are facing losses due to the market’s volatility and poor market knowledge.

Crypto Trader Lost $1.4M After Hawk Coin Collapsed

A popular TikTok Star, Hailey Welch, launched a Solana memecoin, but the token went for a roller coaster ride as the Hawk Tuah Coin price pumped and crashed heavily within a few hours. This has left the holders in shock, as they witnessed mass selling from top crypto holders of the token. Many analysts and influencers call this insider trading, and many fear for the future sell-off, especially after seeing this one crypto trader lose $1.4M in this token.

This came to attention after the trader dumped his $1.4M worth of MOODENG holding, which is leading the popular Solana meme coins list just to invest in Hawk Coin. He made this decision under the FOMO (Fear of Missing Out) and bought the token when the price was high. Eventually, this became his worst decision, as the HAWK price collapsed 91% within hours. Even the Wizard Of SoHo commented on the situation, claiming that this trader lost millions in 15 minutes.

Holy FCK

THIS GUY dumped 1.4 million dollars worth of MOODENG for Hawk Ruggah coin and lost it all. Swapped back entire back to 46k …
Months of patience building stack gone in 15 mins.

TALK TUAH pic.twitter.com/wzN6UmcT56

— Wizard Of SoHo (🍷,🍷) (@wizardofsoho) December 4, 2024

Not The Only Crypto Trading Victim of Hawk Coin

Not so surprisingly, this is not the only victim of the Hawk Coin price crash, as another crypto trader made the same mistake under FOMO. He posted on X to reach out to the memecoin creator Hawk Tua girl and the crypto trading community, asking for help, but nothing can be done now.

In the X post, the trader revealed that he had invested $35,000 in the Hawk Tuah coin. However, he is left with $2000 only as the price crashed within 10 minutes of his purchase. This happened as the FOMO-driven trader invested in this newly launched token when the price was high. To his worst dream, instead of rising, the price crashed, leaving him just $2k instead of $35K.

Hi @HalieyWelchX My $35,000 that I purchased of $Hawk is now $2,000 after 10 minutes of buying.

I am a huge fan of Hawk Tuah but you took my life savings.

I purchased your coin $Hawk that you were so excited about with my life savings and children’s college education fund as… pic.twitter.com/MRftQ2sT6g

— JIGGA.5mbK (@jiggadrin_) December 4, 2024

The crypto trader claims that he is a big fan of Hawk Tuah (Hailey Welch), but she took away his life savings. He alleged that the creator had done a rug-pull crypto scam, where they bought 97% of the HAWK token supply and crashed the token to make profits.

Many similar investors have come forward with similar stories, but Hailey has claimed that there was no insider crypto trading, leaving people heartbroken with this incident.

Final Thoughts

Although crypto trading offers various profit-making opportunities, things do not always go to plan. With high volatility and rising crypto scams, crypto traders are bearing heavy losses in many situations. At present, the biggest incident is the Hawk Tuah girl’s memecoin crash, which rose to new highs at a point but dropped 91% immediately after that. This left investors with heavy losses despite the token’s heavy demand. On analyzing the situation, many crypto analysts have called it the result of insider trading, where the creator’s team dumped the token to make heavy profits. However, for now, nothing is clear, but this incident has left many devastated and concerned over rising crypto scams.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.