‘Hawk Tuah’ crypto token soars nearly 50% in a month 
Cryptocurrency Oct 30, 2024 Share
The Hawk Tuah (HAWK) meme coin continues to surprise in the crypto world, posting an impressive 47% price increase in October and currently trading at $0.00003711.
Hawk Tuah (HAWK) 1-month chart. Source: CoinMarketCap
While this rally may be enticing, potential investors should remember that HAWK, like its counterpart HAWKTUAH, is a meme coin—highly speculative, driven more by internet culture than by any underlying fundamentals.
Despite its recent gains, HAWK’s market cap is a modest $35,730, and its 24-hour trading volume is up to $140.79, a 260.36% surge in daily activity. This spike in volume, while eye-catching, doesn’t signal stability. In fact, HAWK’s current market position is a shadow of its former glory days, when it hit a peak market cap of $1.92 million and traded at $0.0027.
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As of October 30, HAWK ranks a lowly #2571 by market cap on CoinMarketCap, a reminder that this token is far from blue-chip territory.
Hawk Tuah (HAWK) facts and figures
Listed as a HAWK/SOL pair on decentralized exchange Raydium, HAWK trades around $0.00003673—a small but significant price for a meme coin in a highly volatile market.
The token’s origin story is rooted in internet culture, inspired by the viral “Hawk Tuuuah” moment. With a stated ‘fixed supply, renounced ownership, and zero tax structure,’ HAWK markets itself as a community-driven token aimed squarely at the meme-loving crowd on the Solana blockchain.
In theory, this setup appeals to traders seeking an ultra-low-cost entry with potentially high returns, but it’s a risky game where the odds are not in favor of long-term investment.
Adding an interesting twist, Hailey Welch, the internet personality behind the “Hawk Tuuuah” phenomenon, has launched a podcast named Talk Tuah. However, despite the coin’s homage to her viral moment, Welch has not publicly endorsed HAWK or HAWKTUAH. Instead, she’s shown her allegiance to Bitcoin, recently tweeting, “Bit on that thang!”
Bit on that thang! 🫵😹 https://t.co/EnFeDNhP1F pic.twitter.com/N6M82Eun1v
— Haliey Welch (@HalieyWelchX) October 20, 2024
Meanwhile, rival token HAWKTUAH struggles to keep up
HAWK may be seeing a surge, but its rival, HAWKTUAH, hasn’t been so fortunate. Ranked #1942 by market cap, HAWKTUAH trades at $0.0008356 on Raydium with a market cap of $713,000—significantly higher than HAWK, yet it’s only seen a marginal 1.37% price increase over the past month.
The token’s lackluster movement suggests a dwindling interest or possible fatigue within its community, a stark contrast to HAWK’s recent rise.
While HAWKTUAH’s market cap still holds up better than HAWK’s, the token is a far cry from its own peak days. Just two weeks ago, on October 15, HAWKTUAH’s market cap sat at $1.49 million, and at its all-time high, it reached $6.53 million.
Hawk Tuah (HAWKTUAH) 1-Year market cap chart. Source: CoinMarketCap
HAWK and HAWKTUAH represent the essence of meme coin investing—highly volatile, community-driven, and unpredictable. While HAWK’s recent surge may tempt some traders to jump in, it’s essential to remember that meme coins are more like lottery tickets than stable investments.
They thrive on internet culture, social media buzz, and the allure of quick profits, but can quickly lose value without a strong base or consistent demand.
As Welch’s support for Bitcoin suggests, sometimes it’s wiser to back assets with a more grounded reputation than chase the latest internet sensation.
