Hawk Tuah Coin goes limp after IPO launch

13,586 Views | 95 Replies | Last: 5 days ago by Red Fishing Ag93
Krombopulos Michael
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8:40a, 12/6/24











You're telling me that a financial instrument created by a woman with no financial training or experience who is famous for telling a YouTuber on the street at 2am on the finer detail on how to give a proper Lewinsky is a scam????? No way!!!!! My faith in humanity is shaken to its very core......
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4stringAg
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8:42a, 12/6/24
AG
Something about fools and their money...
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Definitely Not A Cop
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8:51a, 12/6/24
AG
That second tweet is incredible.
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Waffledynamics
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8:52a, 12/6/24
AG
Imagine being simultaneously wealthy and foolish enough to fall for this.
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VegasAg86
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8:52a, 12/6/24
AG
A response to the first tweet:


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Kenneth_2003
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8:55a, 12/6/24
AG
Good for her I suppose.
I'm guessing she'll never have to work a day in her life now.

As for everyone else that bought that coin...
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bmks270
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8:55a, 12/6/24
AG
Reached 500 million market cap?

How have people not yet realized these coins by celebrity personalities and content creators are worthless???

What purpose was hawk coin going to serve?

Building an audience on social media is a relatively quick way to wealth. I'm realizing more and more that there's just an uncountable number of idiots out there that will follow anyone.
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JFABNRGR
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8:57a, 12/6/24
AG
Had she made $20 million on OF nobody would bat an eye.
“You can resolve to live your life with integrity. Let your credo be this: Let the lie come into the world, let it even triumph. But not through me.”
- Alexander Solzhenitsyn
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bmks270
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8:57a, 12/6/24
AG
Coffeezilla grills them.
Love that guy in YouTube. He's also an Aggie.

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torrid
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8:58a, 12/6/24
AG
I get made fun of for not believing in cryptocurrency or even understanding what terms like "rugpulled" mean, yet I know I will never get my money caught up in a scam like this.
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bmks270
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9:00a, 12/6/24
AG
I doubt she was the mastermind behind this blockchain coin. She's got some grifters taking advantage of her fame.
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Hungry Ojos
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9:03a, 12/6/24
Can someone explain all of this to me like I'm five? What she did and how everyone got screwed?
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Eliminatus
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In reply to bmks270 • 9:04a, 12/6/24
AG
bmks270 said:
Coffeezilla grills them.
Love that guy in YouTube. He's also an Aggie.



Is he really? Nice. Came across him a few weeks ago and nice to see actual investigative work still being done these days. Granted it's against socialites in the main but I'll take it.
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torrid
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In reply to Hungry Ojos • 9:09a, 12/6/24
AG
Hungry Ojos said:
Can someone explain all of this to me like I'm five? What she did and how everyone got screwed?
Damned if I know. That call was like listening to a bunch of nerds argue about Dungeons and Dragons.
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Gaeilge
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In reply to Hungry Ojos • 9:10a, 12/6/24
Hungry Ojos said:
Can someone explain all of this to me like I'm five? What she did and how everyone got screwed?
Created bull**** memecoin. Held ~97% of volume back from market. Ran 3% up. Dumped x% of the 97% when enough stop-buy bids were present to rake in stupid money. Made millions in fees. Coin crashed. Coin worthless. Idiots on internet lost millions.
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aggiez03
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In reply to Hungry Ojos • 9:13a, 12/6/24
AG
Hungry Ojos said:
Can someone explain all of this to me like I'm five? What she did and how everyone got screwed?
Don't know for sure by the tweets shown above seem to indicate....

They grabbed their coin, ran an IPO, and then sold immediately, ie Pump and Dump

Possibly insider trading, which is related to #1

When you own shares of your own company if you have to announce you are selling ahead of time to allow the market to compensate / be aware...



Poster above with more info and better explanation....
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Hungry Ojos
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In reply to Gaeilge • 9:18a, 12/6/24
Gaeilge said:
Hungry Ojos said:
Can someone explain all of this to me like I'm five? What she did and how everyone got screwed?
Created bull**** memecoin. Held ~97% of volume back from market. Ran 3% up. Dumped x% of the 97% when enough stop-buy bids were present to rake in stupid money. Made millions in fees. Coin crashed. Coin worthless. Idiots on internet lost millions.


I very much appreciate it, but I got lost at "created a meme coin". I don't even know what that is or what that means. I've never had even a rudimentary understanding of crypto, bitcoin, or how any of it works. I appreciate you trying though.
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98Ag99Grad
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9:19a, 12/6/24
AG
dafuq is a meme coin?
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torrid
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In reply to Hungry Ojos • 9:20a, 12/6/24
AG
Hungry Ojos said:
Gaeilge said:
Hungry Ojos said:
Can someone explain all of this to me like I'm five? What she did and how everyone got screwed?
Created bull**** memecoin. Held ~97% of volume back from market. Ran 3% up. Dumped x% of the 97% when enough stop-buy bids were present to rake in stupid money. Made millions in fees. Coin crashed. Coin worthless. Idiots on internet lost millions.


I very much appreciate it, but I got lost at "created a meme coin". I don't even know what that is or what that means. I've never had even a rudimentary understanding of crypto, bitcoin, or how any of it works. I appreciate you trying though.
Best I can tell, after the success of Bitcoin someone created Dogecoin as a joke. Only it seemed to generate value.
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AggieKatie2
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9:24a, 12/6/24
AG
A fool is born every second.
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AGinHI
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In reply to Hungry Ojos • 9:38a, 12/6/24
AG
Hungry Ojos said:
Can someone explain all of this to me like I'm five? What she did and how everyone got screwed?
1/2 hour long video, but if you're bored gives a good breakdown

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torrid
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9:41a, 12/6/24
AG
Great thread title BTW.
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TexasRebel
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In reply to aggiez03 • 9:42a, 12/6/24
AG
aggiez03 said:
Hungry Ojos said:
Can someone explain all of this to me like I'm five? What she did and how everyone got screwed?
Don't know for sure by the tweets shown above seem to indicate....

They grabbed their coin, ran an IPO, and then sold immediately, ie Pump and Dump

Possibly insider trading, which is related to #1

When you own shares of your own company if you have to announce you are selling ahead of time to allow the market to compensate / be aware...



Poster above with more info and better explanation....


Cryptocurrencies are not companies.
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Captain Pablo
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In reply to 98Ag99Grad • 9:52a, 12/6/24
AG
98Ag99Grad said:
dafuq is a meme coin?


A crypto currency

It's really nothing except a "thing" you buy and hopefully it appreciates in value. What's the value? Nothing, other than what somebody will pay for the thing, that they can't do anything with

It's about like beanie babies, except without the stuffed toy to throw in the trashcan

In a typical rug pull, the creator creates the "thing", sells a percentage of it, retains a percentage of it, watches the price go up because idiots just have to have that "thing" (or "thang", as the case may be), and then dumps the retained "things" at the higher price

Simple really
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Muy
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9:59a, 12/6/24
AG
It's a legalized ponzi scheme
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No Spin Ag
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In reply to Muy • 10:05a, 12/6/24
Muy said:
It's a legalized ponzi scheme


This.
There are in fact two things, science and opinion; the former begets knowledge, the later ignorance. Hippocrates
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aggiez03
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In reply to TexasRebel • 10:06a, 12/6/24
AG
TexasRebel said:
aggiez03 said:
Hungry Ojos said:
Can someone explain all of this to me like I'm five? What she did and how everyone got screwed?
Don't know for sure by the tweets shown above seem to indicate....

They grabbed their coin, ran an IPO, and then sold immediately, ie Pump and Dump

Possibly insider trading, which is related to #1

When you own shares of your own company if you have to announce you are selling ahead of time to allow the market to compensate / be aware...



Poster above with more info and better explanation....


Cryptocurrencies are not companies.
Correct, so I don't know if the rules are the same, but insider trading occurs in the stock market with companies selling under the table to realize huge gains.

Not sure if this is illegal, since there may be no regulating body.

That is why I said the other explanation was better.
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ABATTBQ11
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In reply to TexasRebel • 10:10a, 12/6/24
AG
TexasRebel said:
aggiez03 said:
Hungry Ojos said:
Can someone explain all of this to me like I'm five? What she did and how everyone got screwed?
Don't know for sure by the tweets shown above seem to indicate....

They grabbed their coin, ran an IPO, and then sold immediately, ie Pump and Dump

Possibly insider trading, which is related to #1

When you own shares of your own company if you have to announce you are selling ahead of time to allow the market to compensate / be aware...



Poster above with more info and better explanation....


Cryptocurrencies are not companies.


He didn't say they were. He said the comparison is similar. If you're releasing a coin and have a high percentage of coins already given to people associated with its development and no lock on when they can sell, you should probably tell people that, just like a large shareholder or company does at its IPO.

It looks like whoever she partnered with only released a small percentage (like 3%) of available coins to the public but had many multiples of it (like 17%) already assigned to a small number of wallets. Those with the mass of coins let the initial release pump up the price before dumping their massive share on the market and tanking the price.

So, yeah, kind of a pump and dump.
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Hungry Ojos
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In reply to Captain Pablo • 10:11a, 12/6/24
So is what she did legal? How can anyone set a predetermined value on an abstract thing?
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Stupe
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In reply to Gaeilge • 10:11a, 12/6/24
S
Gaeilge said:
Hungry Ojos said:
Can someone explain all of this to me like I'm five? What she did and how everyone got screwed?
Created bull**** memecoin. Held ~97% of volume back from market. Ran 3% up. Dumped x% of the 97% when enough stop-buy bids were present to rake in stupid money. Made millions in fees. Coin crashed. Coin worthless. Idiots on internet lost millions.
Ok

Explain it to me like I'm three.
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Hungry Ojos
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In reply to Stupe • 10:12a, 12/6/24
Stupe said:
Gaeilge said:
Hungry Ojos said:
Can someone explain all of this to me like I'm five? What she did and how everyone got screwed?
Created bull**** memecoin. Held ~97% of volume back from market. Ran 3% up. Dumped x% of the 97% when enough stop-buy bids were present to rake in stupid money. Made millions in fees. Coin crashed. Coin worthless. Idiots on internet lost millions.
Ok

Explain it to me like I'm three.


I'm right there with you.
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Dicer
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In reply to AggieKatie2 • 10:12a, 12/6/24
AggieKatie2 said:
A fool is born every second.
glorified penny stock
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Buck Turgidson
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10:15a, 12/6/24
A BJ themed tulip bulb.
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LMCane
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In reply to Hungry Ojos • 10:15a, 12/6/24
Hungry Ojos said:
Gaeilge said:
Hungry Ojos said:
Can someone explain all of this to me like I'm five? What she did and how everyone got screwed?
Created bull**** memecoin. Held ~97% of volume back from market. Ran 3% up. Dumped x% of the 97% when enough stop-buy bids were present to rake in stupid money. Made millions in fees. Coin crashed. Coin worthless. Idiots on internet lost millions.


I very much appreciate it, but I got lost at "created a meme coin". I don't even know what that is or what that means. I've never had even a rudimentary understanding of crypto, bitcoin, or how any of it works. I appreciate you trying though.

oy.

just like DOGE was one of the original "meme" coins

they are just one of the thousands of coins in crypto that has no real utility- people just buy them because they BELIEVE that if they buy it for pennies, someday one of them will hit like Bitcoin and they will be instant millionaires

it's literally like buying a $1000 worth of lottery tickets
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TexasRebel
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In reply to ABATTBQ11 • 10:17a, 12/6/24
AG
Except, not being companies, they aren't under the same rules.

It's like the eBay auctions that advertised prize bags that "could be worth up to $500", and they just send everyone a $10 Red Lobster gift card.
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