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

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 dipBitcoin sudden drop to $93K wipes out $303M of longs within minutesWorksport stock jumps 9% after adding BTC, XRP to treasury strategy88% of crypto holders feel they missed out on major gains — Kraken surveyHawk Tuah memecoin dumps 90% amid backlash over controversial launchRise’n’Crypto is brought to you by Cointelegraph and is hosted and produced by Robert Baggs. You can follow Robert on Twitter and LinkedIn. Cointelegraph’s Twitter: @CointelegraphCointelegraph’s website: cointelegraph.comThe views, thoughts and opinions expressed in this podcast are its participants’ alone and do not necessarily reflect or represent the views and opinions of Cointelegraph. This podcast (and any related content) is for entertainment purposes only and does not constitute financial advice, nor should it be taken as such. Everyone must do their own research and make their own decisions. The podcast’s participants may or may not own any of the assets mentioned.