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After people allegedly lost a lot of money purchasing her cryptocurrency, Haliey Welch, also known as the Hawk Tuah Girl, has found herself in a difficult situation.
Earlier this year, the 22-year-old became viral after becoming famous due to a joke.
Welch was asked to list one item that might make a man crazy in the bedroom for people who don’t know anything about it.
She replied, as her name implies, “You gotta give it that hawk tuah, and spit on that thing.”
Welch has a sizable social media following and hosts a well-liked podcast called Talk Tuah thanks to this one joke.
Welch had a fantastic year in 2024, but it’s finishing somewhat sourly because people aren’t really delighted with her.
Earlier this week, the celebrity tried to use her online notoriety to break into the cryptocurrency industry by launching her own meme coin, $HAWK.
But according to the Daily Mail, investors and enthusiasts are in shock by the coin’s sharp decline and quick ascent.
In recent years, meme coins—cryptocurrencies based on online memes—have become extremely popular. Initially intended as pranks, they now have substantial monetary worth.
At first glance, Welch’s $HAWK coin seems to follow a similar path.
Shortly after its Wednesday launch, it surged to a $490 million market valuation, but within three hours, it fell 91%, according to CoinTelegraph.
Fans and members of the cryptocurrency community have accused the steep decline of being brought on by “crypto snipers,” or traders who quickly buy and sell new coins in order to take advantage of volatility.
Insider trading rumors have increased in response to data from cryptocurrency analytics platforms.
According to reports from Coinspeaker and Dexscreener, 80–90% of $HAWK’s original supply was held by snipers and insider wallets.
According to Solscanner, one wallet allegedly bought 17.5% of the token’s supply within seconds after introduction and sold it off within 90 minutes, making $1.3 million.
Let’s just say that folks are not content.
On X, someone commented, “I love Hawk Tuah, but you stole my life savings.”
They went on: “I used my life savings and my children’s college tuition money to buy your coin $Hawk, which you were really happy about.
“You didn’t mention that you were going to buy 97% of the supply and sell it almost immediately to make a large profit.”
Some have even asserted that Welch ought to suffer grave repercussions.
For example, “Haliey Welch you’re going to f***ing jail,” someone wrote.
In agreement, another wrote: “Hailey I’m serious when I say that you’re probably going to end up behind bars.”
In response, Welch’s team said on X: “The team hasn’t sold a single token, and no KOL has received a free token.
“We used hefty fees at the beginning of launch on @MeteoraAG in an attempt to deter snipers as much as possible. Now, fees have been eliminated.
Copy and pasting:
Hawkanomics:
Team hasn’t sold one token and not 1 KOL was given 1 free token
We tried to stop snipers as best we could through high fee’s in the start of launch on @MeteoraAG
Fee’s have now been dropped pic.twitter.com/E7xN9VmCrx
— Haliey Welch (@HalieyWelchX) December 4, 2024
“Haliey’s Team has sold absolutely no tokens whatsoever,” said OverHere, a platform associated with $HAWK. The 10% allotted to Haliey’s team is frozen for a year and vested over three. According to tokenomics, the remaining tokens are allocated among the various wallets.
Welch refuted claims that $HAWK was a “cash grab” in an interview with Fortune before the coin’s release, characterizing the endeavor as a means of interacting with her fan base.
“Crypto is a good way to interact with my fans,” Welch stated, citing rapper Lil Pump as the reason behind her interest in the market.
