This is Tekedia Mini-MBA Graduation Week. In our live session today, I will deliver a message titled “The Call to Business Execution”. Largely, it is ACTION time and we need to go to markets, and apply all that we have mastered in this 12-week program. Yes, until it is done, it has not been done! #DoIT. Remember: nothing great has been accomplished until someone takes ACTION. Zoom link in the board
Hawk Token by Haliey Welch Crashes After Hitting Close to $500M
The launch of the HAWK token by Haliey Welch, also known as the “Hawk Tuah girl,” has indeed caused quite a stir. The controversy erupted when it was revealed that 97% of the token supply was initially held back, leading to accusations of insider trading and market manipulation.
Welch teased the launch in late November, mentioning possibly launching a memecoin on her podcast when interviewing businessman Mark Cuban, and sharing a thread on X (formerly Twitter) from a company called overHere, who said it was launching the token on her behalf.
$HAWK isn’t just a Meme Coin, it’s a part of the culture,” reads the token’s description on overHere’s site. “Haliey is using her meme to unite her entire community. From: TikTok, Talk Tuah podcast listeners, merchandise buyers, and even her charity supporters. Hundreds of thousands of non-crypto users will be onboarded by $HAWK because Haliey is making it easy, fun, and engaging. If you love Haliey, you love memes. And $HAWK is where it all comes together.
Here are some key points:
Initial Surge and Crash: The HAWK token saw a meteoric rise to a market cap of nearly $500 million shortly after its launch, only to crash by over 90% within hours.
Community Outrage: Many investors felt misled and accused Welch and her team of unethical practices, including holding back a significant portion of the token supply. Shortly after $HAWK launched; Welch’s X post was quickly hit with a Community Note warning that 96 percent of the token’s supply appeared to be owned by just 10 connected wallets. Wallets are anonymous (at least to an extent), but when such a large percentage of one token is owned by so few, the risks are obvious — if these people start selling, the token’s value can plummet.
Denials and Defense: Welch has denied any wrongdoing, stating that her team did not sell any tokens and blaming the crash on “snipers” who exploited the launch. Many investors felt misled and accused Welch and her team of unethical practices, including holding back a significant portion of the token supply.
On the same day, Redditor [u/ViscountBurrito posted a screenshot from X to the r/BrandNewSentence Subreddit, writing the peculiar phrase “I am a huge fan of Hawk Tuah, but you took my life savings” inside the X user’s tweet about losing $35,000 of their life savings to the $HAWK token. The post had 9,200 upvotes and 1,100 comments in a day.
Critics allege that Welch and her team held back 97% of the token supply and started selling immediately upon launch, which contributed to the rapid decline in value, the incident has led to significant backlash from the community, with many investors feeling misled and accusing Welch of unethical practices.
The $HAWK token’s launch sparked outrage online, especially on X and Reddit, where netizens who had purchased the meme coin posted about their losses over the coin’s liquidity. For instance, on December 4th, 2024, X user @ashrobinqt posted a video commenting on the $HAWK rug pull scandal, writing “I’m down around $20,000 right now on the $HAWK token.” The video received more than 406,000 plays and 1,400 likes in a day.
The incident has sparked a broader discussion about the risks and ethics of meme coins and influencer-led crypto projects. What are your thoughts on this situation?
Bitcoin Smashes Past $100k as El Salvador BTC Investment Yields over $300M
Bitcoin, the pioneer digital coin has indeed surpassed the $100,000 mark, reaching an all-time high (ATH) of around $103,679 according CoinGecko chart. This surge represents a remarkable increase in value, reflecting the growing adoption and trust in the cryptocurrency market.
The BTC price has added 7.83% to its valuation in 24 hours with a trading volume of $114.027 billion, a change of +63.85%. Moreover, it has surged ~50% in the last 30 days and is currently valued at $2.031 billion. Some key highlights include:
Market Sentiment: The bullish trend has been driven by increased institutional investment and positive market sentiment.
Economic Impact: Bitcoin’s rise is seen as a hedge against inflation and a store of value, often referred to as “digital gold”.
Future Predictions: Analysts predict that Bitcoin could continue to rise, with some forecasts suggesting it might reach even higher levels in the near future. The Relative Strength Index (RSI) has breached the overbought range in the daily time frame. Moreover, with the average trendline experiencing a bullish crossover, the Bitcoin price may continue gaining value this week.
El Salvador’s strategic Bitcoin investments have paid off significantly. As of now, the country is sitting on a profit of over $603 million. President Nayib Bukele’s decision to make Bitcoin legal tender in 2021 and the subsequent consistent investments have proven to be quite profitable. The country’s holdings have grown to nearly 6,000 bitcoins, and the recent surge in Bitcoin’s value has further boosted their gains.
President Nayib Bukele on Thursday posted a screenshot of the country’s portfolio on X that showed a current year-to-date balance of $603,340,991, a gain of 117%, or $326,245,977.98, thanks to a bitcoin investment that began in 2021. X owner and Chief Executive Officer of Tesla Elon Musk, who met up with Bukele earlier this year, said the profit was “impressive,” in a reaction on X.
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El Salvador’s President tweet.
Consequently, the EMA 50/200-day displays a significant rise in the BTC price chart, suggesting an increase in the buying-over-selling pressure for the largest crypto token in the market. On the flip side, if the profit-booking increases, the BTC crypto may experience a pullback toward its $100k range. Further, if the bears outrun the bulls, this could result in the price plunging below the $100,000 mark.
The projection of Bitcoin reaching $250,000 by next year is indeed a hot topic among financial analysts and crypto enthusiasts. Several factors contribute to this optimistic forecast, increased interest and investment from institutional players are driving Bitcoin’s value. Companies like MicroStrategy and the launch of Bitcoin ETFs have significantly influenced the market.
Changes in regulatory landscapes, especially in the USA, are expected to create a more favorable environment for Bitcoin. The appointment of crypto-friendly officials and policies could further boost its adoption, The overall market sentiment and economic conditions play a crucial role. With concerns over inflation and the stability of traditional currencies, Bitcoin is increasingly seen as a hedge and a store of value.
Improvements in Bitcoin’s infrastructure, such as scalability solutions and enhanced security measures, are making it more practical for everyday use, potentially increasing its value. While these projections are promising, it’s important to remember that the cryptocurrency market is highly volatile and subject to rapid changes. Always consider these factors and conduct thorough research before making any investment decisions.
As Bitcoin Surges Above $100k, A New Era Begins in Investing
Bitcoin has crossed $100k and I want to return to a piece which I posited on the implications. ‘Good People, there is a possible evolution in the world of market systems where cryptocurrencies could disintermediate the elemental structure of investing, especially for stocks and bonds. Yes, why take risks investing in companies which can miss revenue and profit targets when there is an “asset” you can just put that money with no stress on checking production output. Yes, bitcoin and cousins do not have to report quarterly results unlike companies which do, and have to justify why we must keep investing in them.’
“If Bitcoin hits $100,000, we could have a consequential impact in the market. Yes, it can attract capital that is not to be deployed in any production system, but largely helps some people make tons of money. Within that system, why should people work – and why should people create companies?”
Bitcoin has surged past $100,000 for the first time, marking a significant milestone for the world’s largest cryptocurrency. The digital asset has set records again and again in recent months amid hopes that the post-election landscape will provide a “more supportive” regulatory environment for the overall crypto industry. Bitcoin has gained around 145% so far this year, and more than 45% since the presidential election. The cryptocurrency has also received a boost from the approval of U.S.-listed bitcoin exchange-traded funds in January, which have helped put it “on the cusp of mainstream acceptance,” per Reuters. (LinkedIn News)
This is a massive disintermediation and could trigger huge dislocations for many economies as investor re-price assets and remodel risks.
Left and right, it is coming as expected: only the government will make Bitcoin great, and since the anointing via ETFs and ascention of Trump, the veil has been removed, and no person can predict what will happen next. Possibly, we will have a Bitcoin-only banking in Nigeria soon…..
RCO Finance’s Crypto AI Tool Empowers XRP and Cardano Traders with Smart Strategies for 100x Growth Potential
XRP and Cardano have become standout cryptocurrencies, with each token showing significant growth and gaining momentum in the market. Traders use advanced tools to capitalize on the tokens’ bullish rallies.
Enter RCO Finance, a platform that offers a powerful crypto AI tool, Robo Advisor, designed to help traders maximize their potential gains with personalized trading strategies.
RCO Finance Robo Advisor: The Ultimate Crypto AI Tool for XRP and Cardano Traders
Once RCO Finance officially launches, the platform will allow crypto traders, including XRP and Cardano traders, to access its powerful suite of tools, including the AI-powered Robo Advisor.
RCO Finance’s Robo Advisor, a cutting-edge crypto AI tool, is set to revolutionize crypto traders’ approach to their investments. With its AI-powered algorithms and machine learning capabilities, the Robo Advisor offers traders personalized strategies that adapt in real-time to market conditions, providing a competitive edge.
As both XRP and Cardano experience substantial rallies, accessing tailored trading strategies is crucial for traders who wish to fully capitalize on these momentum-driven markets.
For XRP traders, the current market conditions offer significant upside potential, with XRP’s price surging 429% from $0.50 to $2.66 in just one month. This meteoric rise has catapulted XRP into the top ranks of cryptocurrencies, and with institutional interest increasing, the coin’s future looks promising.
For Cardano traders, the ADA price is in a strong bullish trend, pushing it up 300% over five weeks from around $0.3 to $1.25 at press time.
As both tokens push towards new resistance levels, the Robo Advisor can craft personalized strategies that take advantage of these bullish moves, helping traders navigate the volatility and unlock substantial growth opportunities.
The Robo Advisor isn’t just a one-size-fits-all solution; instead, it tailors strategies to each trader’s individual needs and preferences. Whether a user is focused on short-term gains or long-term growth, the Robo Advisor’s AI-driven insights ensure that intelligent predictions and data analysis back every move.
For those seeking to take full advantage of the bullish rallies in XRP and Cardano, RCO Finance’s AI-powered strategies offer the potential for significant returns. With market volatility often being a factor in crypto trading, the Robo Advisor’s ability to adjust to shifting trends ensures that traders are always on the right side of the market.
RCOF Presale: A Unique Opportunity for Early Investors
While the official launch of RCO Finance is still on the horizon, crypto investors can invest in the platform through the ongoing presale of its native token, RCOF.
Currently in its fourth stage, the presale offers early investors the chance to purchase RCOF tokens at a discounted rate, with prices surging by 509%. The presale will continue with the next stage, pushing the price to $0.2142, making this an ideal moment to buy in.
The presale offers an additional incentive for investors, with the potential for substantial returns on their initial investment. The tokenomics behind RCOF ensure that the platform remains sustainable and secure with a deflationary model that burns unsold presale tokens and locks team tokens for long-term growth.
As the presale nears its conclusion and the official platform launch approaches, the RCO Finance smart contract has already been fully audited by SolidProof to ensure the platform is secure from the rampant security threats that often plague the crypto space.
This significantly boosts the platform, as it features a KYC ecosystem that appeals to privacy-centric investors.
As the RCO Finance presale continues to gain momentum, early investors can capitalize on the opportunity to multiply their investments before RCO Finance fully launches and begins empowering traders to take full advantage of the crypto market.
For more information about the RCO Finance Presale:
Visit RCO Finance Presale