Haliey Welch, widely recognized as the “Hawk Tuah Girl,” has broken her silence regarding the recent turmoil surrounding her meme coin, $HAWK, which experienced a significant crash just hours after its launch.
A recent lawsuit filed in the U.S. District Court in New York accuses the creators of $HAWK—overHere Ltd., its founder Clinton So, social media influencer Alex Larson Schultz, and the Tuah The Moon Foundation—of illegally promoting and selling cryptocurrency without proper registration. Notably, Welch herself is not named as a defendant in this lawsuit.
The $HAWK coin, which surged to a market cap of $490 million shortly after its launch on December 4, saw a dramatic decline of 95%, plummeting to below $100 million within minutes. Investors collectively lost approximately $151,000 during this short-lived rise. The lawsuit further alleges that Welch’s popularity was exploited in promoting the token, suggesting potential insider trading and deceptive practices.
After a period of silence, Welch spoke out on social media, expressing her serious concern for those impacted by the situation. She stated her commitment to help the affected investors and promised to cooperate fully with the legal team representing them, focusing on uncovering the truth and holding responsible parties accountable.
In her message, Welch encouraged individuals who suffered losses to reach out for assistance. She emphasized that she had no active role in the launch of the $HAWK coin. Prominent billionaire investor Mark Cuban has also come to her defense, noting that Welch may not have fully understood the complexities involved in the situation but trusted the people around her.
This incident highlights the volatile nature of meme coins and the importance of due diligence in cryptocurrency investments. Welch’s commitment to supporting those affected is a hopeful sign amid the chaos, as it underscores the need for accountability in the rapidly evolving crypto space.
In summary, while the launch of $HAWK has raised serious legal and ethical questions, the support for Welch and her dedication to assisting investors offers a positive pathway for resolution and recovery for those impacted.