Hawk Tuah Girl Responds After Newly Released Memecoin Gets Rug Pulled

By Anthony • December 5, 2024 3:26 pm • Comments

Haliey Welch, best known as the “Hawk Tuah girl,” is in hot water after many users on X are claiming the viral sensation scammed them.

Welch recently launched a memecoin called $HAWK which crashed 90% just hours after it hit the market.

Now, users on X are accusing Welch of orchestrating a “pump and dump” scheme.

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Welch has addressed the allegations and shared, “Hawkanomics: Team hasn’t sold one token, and not 1 KOL was given 1 free token.”

She added, “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.”

Per The Independent:

Haliey Welch, better known as the viral “Hawk Tuah Girl,” has faced backlash following the failed launch of her memecoin $HAWK, which crashed by more than 90 percent just hours after it hit the market. Now, the 22-year-old internet personality is being accused of scamming investors.

This week, Welch attempted to cash in on her viral fame by launching her own memecoin — cryptocurrencies that are based on viral memes or pop culture references, such as Dogecoin and Pepecoin.

Speaking to Fortune before the launch, Welch insisted that her memecoin, named HAWK, was “not just a cash grab.” However, less than 24 hours later, at least one investor has already filed a complaint with the U.S. Securities and Exchange Commission.

When HAWK launched on the Solana blockchain on Wednesday (December 4) evening with a price of $0.005492, it quickly surged more than 900 percent and accumulated a market cap of $490 million. The token’s price peaked at $0.00004028, the Crypto Times reported, before its market cap plummeted to $60 million, marking a whopping 91 percent decline in value.

The rapid nosedive was credited by some to insider wallets and snipers — entities that rapidly buy up huge amounts of a token’s supply at launch — which reportedly controlled between 80 and 90 percent of HAWK’s supply. According to Cointelegraph, one wallet managed to purchase 17.5 percent of the memecoin’s supply worth $993,000 at the time, and sold it less than two hours later for a profit of $1.3 million.

Per Bitcoinest:

On Wednesday night, the crypto community slammed Hailey Welch, popularly known as the ‘Hawk Tuah’ girl, for her HAWK (HAWK) memecoin launch. The meme became popular after a 10-second clip of her saying the catchphrase went viral earlier this year.

Since then, the now social media influencer has gained a large following and launched different projects, including a dating advice app and the Talk Tuah Podcast. In October, Welch shared an edit of herself with various memecoin references like dogwifhat’s hat, Mog Coin’s glasses, and the SPX6900 coin as a necklace.

The post stated, “Gm X, I heard it’s a meme super cycle,” and sparked speculation about the possible launch of an official Hawk Tuah-themed memecoin. However, the crypto community expressed concern about the potential launch, forecasting another celebrity rug-pull in advance.

On November 26, Welch announced her partnership with the Web3 platform overHere to launch the official HAWK memecoin on December 4, claiming it was not “just another token launch” and “set to redefine the crypto space.”

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