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Datagram Network harnesses global idle computing power, bandwidth, and storage for use as a decentralized cloud service through the Hyper Network AI coordination layer and Datagram Core Substrate module. It supports interoperability across multiple blockchains, including Ethereum, Avalanche, and Solana. Datagram Network has provided low-latency video conferencing for thousands of participants, distributed artificial intelligence computing, and Web3 content distribution, serving over 200 enterprises and more than 1 million users.

The HAWK token was originally intended to provide financial support for pet charities, but its skyrocketing and plummeting after listing revealed the common scam patterns in the cryptocurrency market. Hailey Welch's token saw its market value soar to $490 million in just three hours, only to plunge by 91% shortly after, resulting in significant losses for many investors. The underlying issues of token concentration distribution, early 'sniping' profits, and the significant risks of celebrity tokens have made this event another typical case in the cryptocurrency field.