As a seasoned researcher with years of experience in the dynamic world of cryptocurrencies, I find myself intrigued by the recent developments surrounding Haliey Welch and the infamous Hawk Tuah meme coin. The rapid rise and fall of this digital asset has been a rollercoaster ride that’s hard to ignore.
After a two-week absence, Haliey Welch – famously recognized as “Hawk Tuah girl” – reappeared following the dramatic 95% plunge of her Solana meme coin mere moments after its initial launch.
Following approximately 333 hours of sleep, Welch chose platform X to declare her collaboration on a U.S. federal lawsuit aimed at securing justice for the 12 affected American residents who were impacted by the collapsed Hawk Tuah meme token.
24 hours following the filing of the lawsuit by Burwick Law on December 19th, Welch published a statement on social media. It’s the first public comment he’s made since December 5th.
I want to make it clear that I view this situation with utmost gravity. I feel it’s important to speak to my fans, investors who have been affected, and the wider community. I am fully cooperating with and committed to aiding the legal team working on behalf of those impacted. My goal is not only to help expose the truth but also to ensure that those responsible are held accountable. I aim to resolve this issue as swiftly and effectively as possible.
Haliey Welch on Hawk Tuah meme coin
According to crypto.news, Burwick Law, which focuses on cryptocurrency matters, has filed a lawsuit on behalf of individuals who claim they were impacted by the Hawk Tuah meme token that was introduced by Welch and her team.
12 people together reportedly suffered around $150,000 in losses when they invested in the celebrity-endorsed meme token. The value of Hawk Tuah skyrocketed to a market capitalization of half a billion dollars just after its Solana (SOL) launch, only to subsequently drop by more than 95%, leaving it with a market cap of $50 million.
As a crypto investor, I was taken aback when Welch, the public figurehead of this token, asserted that neither she nor her team had ever sold a single token. However, upon scrutinizing the data from Bubblemaps, it became evident that an overwhelming 96% of the token’s supply was under the control of insiders. This revelation has left me questioning the transparency and integrity surrounding this particular project.
The X community drew attention to at least three of Welch’s tweets that pointed towards insiders selling tokens to buyers gradually. After this, Welch and her team remained unresponsive for more than two weeks, possibly due to a barrage of angry investors questioning them and accusing the project of being a scam. It was alleged that Welch amassed a $50 million fortune from the project.
In HawkEconomics:
— Haliey Welch (@HalieyWelchX) December 4, 2024
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2024-12-20 20:22