Hawk Tuah Girl vs. Coffeezilla: Viral star clashes with crypto sleuth over token crash

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As a seasoned analyst with over two decades of experience in the financial industry, I have witnessed numerous instances where hype and excitement can lead to poor decision-making. The case of Haliey Welch and her cryptocurrency venture, Hawk, is no exception.

I’ve got to add another name to the list of crypto influencers who’ve had their share of ups and downs – it’s Haliey Welch, best known as “Hawk Tuah.” She’s the latest in a string of individuals who’ve experienced their own unique adventures within this dynamic digital economy.

After the release of her new cryptocurrency, Hawk, the creator has encountered significant criticism due to its dramatic decrease in value. Initially valued at approximately $490 million, it plummeted to only $60 million within a few short hours.

In the crypto world, individuals such as YouTube content creator “Coffeezilla” (also known as Stephen Findeisen) are levying allegations against Welch, claiming he engaged in a manipulative tactic called “pump and dump.” This strategy involves creating excitement to inflate prices, allowing insiders to profit before leaving ordinary investors stranded.

As an analyst, I’d rephrase it as follows: I, the analyst, want to clarify that I have not engaged in any wrongdoings. In a recent social media post, I asserted that my team and I attempted to thwart activities by certain individuals who are manipulating prices by purchasing large quantities early on, giving an artificial boost to demand.

In HawkEconomics:

— Haliey Welch (@HalieyWelchX) December 4, 2024

According to the community announcement regarding Welch’s X post, it appears that Welch’s team has been trading their tokens since they were first introduced.

As of the latest check on Saturday, the Hawk Tuah coin had dropped more than 7%. A mere few minutes ago, it had actually risen by approximately 0.45%.

What’s at stake and did Hawk Tuah Girl profit?

Investing in tokens can lure regular investors into purchasing at a relatively high price under the assumption that they’re capitalizing on an upward trend.

Following snipers’ decision to offload their investments, the token’s value plummets dramatically, leaving later investors with virtually valueless assets.

The Hawk cryptocurrency was introduced on the Solana blockchain, but unlike most meme coins that are viewed as low-stakes entertainment, it has drawn criticism for allegations of rug pulling. This is a type of crypto fraud where developers either withdraw funds or abruptly abandon the project, leading to a dramatic drop in the token’s value.

On December 5th, the YouTube channel known as Coffeezilla, renowned for investigating the authenticity of coins endorsed by influencers such as Andrew Tate, pointed out something interesting in a video post.

Welch, well-known for his viral stunt that appeared to involve spitting, asserted that the coin’s purpose was to foster unity among fans and combat imitators.

Regrettably, it appears that confusion was the sole commonality in this situation. A recent exchange between Coffeezilla and Welch’s legal representative, with over 2.7 million views on YouTube, suggests a complex payment setup for Welch involving a cryptocurrency inspired by Hawk Tuah.

According to Coffeezilla’s sources, Welch received approximately $125,000 upfront from an unidentified company for promoting the Hawk Tuah token. She was expected to earn 50% of the remaining profits following payments to external parties for costs, as mentioned by Coffeezilla.

It’s uncertain who the third parties are at this point. Crypto.news reached out to Welch for a statement, but we haven’t received a response yet.

In summary, Coffeezilla finds the entire scenario deplorable and feels that she ought to be remorseful. He suggests that [Welch] was blinded by potential profits when associating with these individuals who were solely driven by financial gain. Their actions have caused harm to others.

See Coffeezilla’s exposé before.

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2024-12-07 19:28