Renato Moicano gets brutally honest about Hawk Tuah meme coin in fiery rant, explains why Haliey Welch's cryptocurrency "allegedly was a scam"
Renato Moicano recently offered his candid opinion on the storm of controversy enveloping Haliey Welch's Hawk Tuah cryptocurrency. 'Money' has certainly embraced his nickname, consistently sharing his thoughts on a variety of economic and financial matters, particularly cryptocurrency, in his post-fight interviews and social media posts.
During an appearance on The Ariel Helwani Show, Moicano was asked for his thoughts on the tumultuous launch of the Hawk Tuah meme coin. The No. 10 ranked UFC lightweight fighter didn’t hold back, labeling it a classic case of a rug pull scam. He warned his fans to resist the allure of celebrity endorsements and steer clear of such high-risk financial investments:
"That was a scam 100%. I'm not going to say it allegedly was a scam because I don't want to get sued, but this is what happens when you buy meme coins. They're feeding on the popularity of the person, and they say, 'Hey, we're going to launch this coin, and this is going to be amazing; everybody's gonna like it.' But eventually, [its value falls]."
Moicano added:
"They rug-pull a bunch of people, so that's why you don't invest your money in anything. Don't invest your money just because you like the person. Try to study and see what makes sense for you."
Check out Renato Moicano's comments below (2:03:45):
Welch, who rose to internet stardom with her viral "hawk tuah" catchphrase in a TikTok video, introduced her own memecoin earlier this month.
The Solana blockchain-based currency reportedly surged to a market capitalization of nearly $500 million, only to crash by 95% to $25 million just within a day after its launch. This dramatic decline led to significant losses for many traders and sparked suspicions of a scam, with critics accusing Welch of deceiving her fans.
Renato Moicano set to clash with Beneil Dariush at UFC 311 on Jan. 18
Renato Moicano is set to square off against Beneil Dariush in a high-stakes lightweight showdown at UFC 311, scheduled for Jan. 18 at the Intuit Dome in Inglewood, California.
Moicano enters the bout riding a four-fight win streak, most recently securing a dominant second-round TKO victory over Benoit Saint-Denis in the main event at UFC Paris in September.
On the other hand, Dariush is returning to the octagon after a year-long absence following back-to-back knockout defeats to Arman Tsarukyan and Charles Oliveira last year.