Hawk Tuah memecoin dumps 90% amidst accusations of insiders and snipers

Rise’n’Crypto

Bitcoin scared holders half to death on Dec. 5 as it plummeted $6,000 in four minutes, liquidating $300 million in long positions. Still, most analysts appeared to be counseling calm while whales of all varieties bought the dip. Then, we need to look at the effects of adding BTC to a company's treasury, Kraken's survey of crypto holders and the controversy around Haliey Welch's memecoin launch which dumped 90% amid some unusual on-chain data.
Further reading:

• Bitcoin price metric 'bearish since October' warns analyst amid $10K dip
• Bitcoin sudden drop to $93K wipes out $303M of longs within minutes
• Worksport stock jumps 9% after adding BTC, XRP to treasury strategy
• 88% of crypto holders feel they missed out on major gains — Kraken survey
• Hawk Tuah memecoin dumps 90% amid backlash over controversial launch

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