A recent investigation cleared Haliey Welch of liability related to the collapse of the HAWK token, but this incident underlines the volatile nature of meme coins and underscores investor caution. The token’s dramatic plunge from $500 million market cap in minutes to a crash of over 95% within 24 hours sparked scrutiny into the role of influencers in cryptocurrencies. Welch maintains her position, stating she was not involved in development or sales, which aligns with the findings of the investigation. The incident led to concerns regarding the potential risks associated with influencer-promoted tokens, prompting a reassessment of strategies within the market.