HawkCoin and what happened so far? - Error Code Show

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Hey, yeah, so we all take dumps, right?

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It is a part of life, you know, poop is not fake.

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No.

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Sorry, everyone, we all take dumps.

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However, very rarely do we, hopefully,

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hopefully none of you do this,

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but there is a thing called a pump and dump scam.

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And if you, I don't know, if you've been alive

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for more than two years,

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you'd probably know of a girl that's called Haktua, right?

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The girl that went famous

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because she said something while she was drunk.

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On TikTok.

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On TikTok and then blew up and then she was just,

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she appeared everywhere, right?

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She was throwing the first pitch at a baseball game

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for some weird reason.

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She was getting boot off stage at concerts.

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They were selling merch.

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They were selling limited edition trading cards.

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Don't really know.

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Anyways, so it does not surprise me at all

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that she had her own cryptocurrency,

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just really cashing in everything.

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I will say that some of the content that I have seen of hers,

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she does try to give back a lot of like money

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into animal shelters and those things.

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So I'm not bashing her at all.

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It's just a very weird thing for me.

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It's, it, it.

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She'd go viral for her.

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She has, she has really parlayed that viral moment

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into quite a bit of fame in a way

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that I don't think we've ever seen anyone else do.

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That was what really fascinated me about her initially.

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Because her initial viral moment,

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talking about what the proper method of fallatio is, right?

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Okay.

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You know, she's really parlayed.

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She's got a podcast.

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She was on there with Whitney Covey.

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She's done a bunch of stuff since then.

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But in classic internet fashion,

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being an internet celebrity,

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she of course went the route

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that so many other internet celebrities have gone.

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So tell us about her latest endeavor.

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Yeah.

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Cryptocurrency.

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So if you're not familiar, a pump and dump scheme,

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it's very common in crypto.

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This is where, you know, coins are bought

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at a very low price.

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There's a heavy promotion to invade, inflate their value.

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So a lot of marketing, and then it's sold off at a peak,

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often by company insiders.

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And then essentially like the common folk investors

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are kind of left losing a lot of money.

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That is what Haktua girl or her, I don't know,

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her enterprise is being accused of.

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There has been at least one formal complaint

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by an investor that has been filed

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by the US securities and exchange commission.

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I will say Haktua girl is denying all allegations

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that she sold a single coin.

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So the question is, and what do you think, Alex?

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Did people go in?

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Some, maybe some investors came in,

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bought a ton of coins knowing that it was going to go up

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and then just simply, once it went up,

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they just pulled their money out.

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Or do you think this is an inside job?

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So I am of two minds.

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My first mind is whether she did it or not, right?

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I'll be honest, having listened to some of her podcasts,

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having kind of heard her talk, I'll be honest,

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I don't think she has the guile and background

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to run a pump and dump scheme,

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which is what she's being accused of by the SEC

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or by people who are filing complaints with the SEC.

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That all being said, I don't think she's behind it.

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And again, she's only operating, I think,

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off the information that she's getting from her team.

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To the people who are upset about this,

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this is gonna come as a surprise, I think,

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to some of you who've listened to me for a long time.

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I have no sympathy, none.

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In the year of our bog 2024, almost 2025,

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you should know very, very well two things, two things.

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One, cryptocurrencies is essentially completely unregulated,

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which means it's the wild fucking West out there.

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What happens with crypto?

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Have they minted billionaires off of crypto?

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Absolutely.

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Have people lost their shorts with crypto?

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Fuck yeah, they have.

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And here's it again, in the year of our bog 2024,

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you should know better.

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Do not invest anything.

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And again, I am not a financial advisor, neither is Jay.

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We're not here to provide you with long-term financial advice.

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All the caveats, legal caveats for this, in my opinion,

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do not put anything into crypto

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that you are not willing to light on fire.

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Okay?

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Yeah.

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Nothing, okay?

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100%.

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Okay, do not put anything into crypto

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that you're not willing to light on fire, okay?

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It is a 100% gamble, any money that you put into any crypto,

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you need to be willing to lose 100% of that money.

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I feel like legitimately more comfortable

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playing blackjack at a Vegas casino

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than I do fucking around in the crypto market.

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That's a good point.

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Full stop, man.

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Like that's just how I feel about it.

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You know, if you're fucking with crypto, man,

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like that's on you.

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It's kind of on you.

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100%.

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And I think, because there's so many,

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there's so many like YouTube videos of like,

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how to invest and how to get rich quick, right?

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You need to really think and really try to understand

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what, with stocks or anything, like what is,

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is what is this, what's the value based off of, right?

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Like crypto, there's nothing.

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It's a meme coin.

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And this one especially, more so than Bitcoin or others,

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this is a fucking meme coin.

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Yeah.

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We're not talking about like AMC stock

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where they actually have assets,

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they're an actual company, they actually make money, right?

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There's nothing backing this coin.

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It's just a meme coin.

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So yes, be careful with your investments,

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with your money.

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So, I honestly, I hope she doesn't see

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the inside of a sell for this.

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I don't, I don't, again, I don't think she's got the guy

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out of the background to run this the right way.

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She was working at like a plastics factory,

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when she made her hock to a joke, you know, like,

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straight up, like she doesn't.

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So, she seemed very nice and innocent.

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Wait, wait, wait.

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No, she's very nice.

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She seems like a decent kid.

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Anyway, that's what we think.

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Let us know what you think of the chatter

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in the comments down below.

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And keep your hands off the meme coins.