Haliey Welch, the infamous “Hawk Tuah” girl, has finally broken her silence after the disastrous launch of the HAWK memecoin and its subsequent price crash.
In an interview with podcaster FaZe Banks, Welch revealed that the project manager for the memecoin had promised her that it would have a long-term positive impact on the crypto space.
Welch admitted that she was initially hesitant to launch the memecoin and was unfamiliar with the asset sector, but was convinced to do so because she was told that half of the money from the token would go to her charity.
“It was presented to me as a positive thing that would have a long-term impact, but it didn’t turn out that way at all. It was a real slap in the face.”
Welch’s attorney, Christian Barker, also accused the development team and account managers of misleading Welch about the tokenomics of the project, with the developer still controlling 80% of the token’s supply.
Hawk Tuah Token Crashes; Lawsuit Hits the Token Team
The Hawk Tuah token launched on Dec. 4, 2024, and quickly reached a market capitalization of over $490 million. However, the token’s market capitalization plummeted by over 91% the following day to roughly $41 million, sparking outrage among investors.
On Dec. 19, investors filed a lawsuit against several entities allegedly involved in the marketing of the Hawk Tuah token.
“The pre-launch marketing for HAWK framed the Token as more than a speculative asset, portraying it as a cultural movement with significant growth potential,” the legal filing read.
Welch addressed her followers on social media the following day, stating that she was fully cooperating with the legal team representing victims impacted by the memecoin’s collapse. She also directed affected individuals to Burwick Law, the law firm handling the investor lawsuit against the HAWK token promoters.
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2025-02-07 19:35