‘It’s a pure form of gambling’: memecoins boom after Trump election
by Dan Milmo Global technology editor from Technology | The Guardian on (#6SWEC)
Hawk tuah girl' Haliey Welch's coin fails amid new wave of hype around crypto-related assets
It is a parable for the attention economy. A celebrity created entirely by social media, hawk tuah girl" Haliey Welch, helps launch a crypto asset that stokes a viral frenzy and then flames out.
The Hawk memecoin was worth $490m (385m) hours after it launched on 4 December but now has a market capitalisation - the value of all Hawk coins in circulation - of $17m.
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