Hawk Tuah token has gained almost 50% in value in a month

The recently appeared Hawk Tuah meme token continues to surprise investors with its confident growing dynamics. In the current month, the asset has added almost 50% in value and is currently trading near the level of $0.00003711. But despite all the success of the token, its market capitalization is estimated at a modest $35,730. Daily trading volumes totaled $141, which is 260% higher than the average. Although the token is growing steadily at the moment, it is still far from the indicators it demonstrated earlier. In the middle of the current month, Hawk Tuah reached the $0.0027 area on a sharp impulse. At that time, its market capitalization was estimated at more than $1.9 million. At the moment, the token occupies 2571st place in the overall ranking of cryptocurrencies by capitalization. HAWK positions itself as a token that is entirely community driven. It targets meme enthusiasts in the Solana ecosystem. The story behind the emergence of this token is quite amusing. A YouTube channel host was asking questions to passersby. He decided to do a short interview with a then unknown girl named Haley Welch. Her answers were very funny, which instantly generated a huge number of memes on the network.

It is worth noting that on the wave of hype Hayley opened her podcast Talk Tuah. Despite the certain popularity of the Hawk Tuah token, Welch has not publicly endorsed it. Instead, she has repeatedly noted that she remains an ardent supporter of the flagship crypto asset.

It’s important to consider that Hawk Tuah is a meme token that has no real foundation or practical value behind it. Undoubtedly, this kind of assets in the moment can demonstrate phenomenal growth dynamics. But given the high volatility of these cryptocurrencies, it is very risky to work with them.