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Mark Cuban is one of the most financially respected people in the world. On top of being one of the most beloved judges onShark Tank,he is also an owner of several successful businesses and start-ups that he believes in. With this, one can imagine that his faith has a lot of credibility in the world.
However, what happens when he trusts the wrong person, asking the whole world to invest in something that ends up crashing and burning? Internet sensation Hailey Welch enters the picture, with her seven minutes of fame and five minutes of fortune.
Hailey Welch’s Great Fall
Hailey Welch became an internet personality very quickly. After her “Hawk Tuah” meme went viral all across the world, she turned from a normal person into a viral sensation within the span of a few days. While most would revel in such success for as long as they had it, Welch looked at her stardom as a lucrative financial opportunity.
She started several profitable ventures, ranging from partnerships to asking for fees to make appearances at events. However, her most profitable step has turned into one of the most public falls in recent years. Welch launched her own memecoin called $HAWK.
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When it was released, it reached heights of $500 million and promoted more and more investors. However, within a few minutes, it lost 95% of its value, coming down $60 million.BentoBoion X did an assessment of the situation and found that the memecoin developer made over $2 million in 10 minutes, while people lost their life savings.
Mark Cuban Endorsed Hailey Welch
The backlash that Hailey Welch has faced has been astronomical, to say the least. On top of getting shunned by the internet, many of her investors have also demanded that she see jail time for the damage that she had done to the lives of many.
With this, one may be surprised to know thatShark TankjudgeMark Cubanalso volunteered to buy her memecoin when she first proposed the idea to him. During an episode of theTalk Tuah podcast, Welch brought Cuban as a guest.
“How the Mighty have fallen”: $5.7 Billion Rich Shark Mark Cuban Loses Fans’ Respect After an Unusual Collab With the Hawk Tuah Girl
At one point during this appearance, she asked the businessman if he had done anything with cryptocurrency. When Cuban mentioned that he does a lot with crypto, she asked him if she could give him some tokens if she launched her own memecoin.
Cuban told her that he would give her his wallet, which skyfolded Welch’s credibility in the eyes of her viewers, having aShark Tankjudge on her side. With this in mind, it is not surprising that fans are targeting their anger at Cuban as well.
Ananya Godboley
Senior Writer
Articles Published :2219
Ananya Godboley is a Senior Entertainment Writer at FandomWire, majorly focusing on TV shows, with over 2,000 articles published. She has been an entertainment journalist for the past two years. Currently pursuing an undergraduate degree in psychology from K.R. Mangalam University, Ananya also likes to fangirl as a full-time job. She covers news and analyses on anything from Rick and Morty to Hannibal and even Arcane. In between these lines, she also enjoys superheroes and Taylor Swift.A philosophy enthusiast, Ananya enjoys digging deeper into the media she consumes, trying to understand the root of her favorite characters' behavior.
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Mark Cuban
