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Which regulatory body will first issue action against $HAWK token by December 31, 2024?
2
Resolution / Starting Odds
SEC (USA) • 25%
FCA (UK) • 25%
MAS (Singapore) • 25%
Other or None • 25%
Official announcements from regulatory bodies such as SEC, CFTC, or equivalent international organizations
Story
$HAWK Token Soars to $1B Market Cap, Plunges Amidst 97% Supply Held by Deployer
Dec 4, 2024, 10:54 PM
The $HAWK token, linked to the 'Hawk Tuah' meme, has rapidly reached a $1 billion market cap on its first day of trading. However, concerns have been raised about its distribution and market manipulation. Reports indicate that 97% of the token's supply was initially held by the deployer's wallet, with the top 10 holders controlling 94.96% of the supply. This concentration has led to accusations of a 'rug pull', where insiders are selling off their holdings, causing the token's value to plummet. Launched on the Solana blockchain, the token saw its market cap skyrocket to $500 million before dropping below $60 million in just 20 minutes. Critics warn investors to avoid the token due to its high concentration of supply and potential for manipulation.
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Similar markets
SEC • 25%
FTC • 25%
Both SEC and FTC • 25%
No action taken • 25%
No wrongdoing found • 25%
Minor regulatory violations • 25%
Major fraud confirmed • 25%
Investigation inconclusive • 25%
SEC • 25%
CFTC • 25%
FTC • 25%
Other • 25%
No Action Taken • 25%
Fines Imposed • 25%
Legal Action Initiated • 25%
Other Outcome • 25%
Declared security • 25%
Not declared security • 25%
Pending decision • 25%
No action taken • 25%
Haliey Welch • 25%
Token developers • 25%
Marketing agency • 25%
No party held responsible • 25%
SEC (U.S.) • 25%
ESMA (Europe) • 25%
FCA (U.K.) • 25%
Other • 25%
Project continues with changes • 25%
Project is abandoned • 25%
Project rebrands • 25%
Project merges with another • 25%
Yes • 50%
No • 50%
Mostly positive • 25%
Mostly negative • 25%
Neutral • 25%
Mixed • 25%