Coinspeaker
Haliey Welch Breaks Silence on Hawk Tuah 95% Crash, Vows to Uncover Reality
Hawk Tuah Woman, Haliey Welch, has lastly damaged her silence following the dramatic collapse of her cryptocurrency, $HAWK. The influencer, recognized for her viral Southern drawl and meteoric rise to fame, addressed the fallout publicly after two weeks of absence from social media.
Earlier this month, Welch debuted $HAWK, a cryptocurrency meme coin on the Solana blockchain. It initially reached a formidable $500 million market cap earlier than plummeting to only $25 million—a stunning 95% loss in worth. Buyers accused Welch’s staff of orchestrating a pump-and-dump scheme and insider buying and selling, claims the staff has denied.
Aggregated knowledge from Bubblemaps signifies insider wallets and snipers dominated 80% to 90% of HAWK’s provide throughout the preliminary launch. These entities swiftly acquired massive parts of the token, securing substantial management instantly.
Supply: Bubblemaps
Welch emphasised taking the scenario severely via an announcement on Twitter Friday morning. This marked her first public acknowledgment of the controversy linked to the $HAWK token’s sudden crash. She confirmed full cooperation with authorized representatives for affected traders, committing to uncovering details, guaranteeing accountability, and searching for decision.
I take this case extraordinarily severely and need to deal with my followers, the traders who’ve been affected, and the broader group. I’m totally cooperating with and am dedicated to helping the authorized staff representing the people impacted, in addition to to assist uncover the…
— Haliey Welch (@HalieyWelchX) December 20, 2024
Welch, who isn’t named as a defendant within the case, inspired affected traders to contact Burwick Regulation for help. In the meantime, the lawsuit alleges that the coin’s creators, OverHere Ltd, and its government Clinton So, together with LA-based promoter Alex Larson Schultz, mishandled the launch and sale of the cryptocurrency.
Court docket Ruling Exposes $HAWK Fraud—Welch Stays Silent
A December 19 court docket ruling uncovered the unlawful promotion and sale of the $HAWK token, intensifying the fallout. The lawsuit identifies the Tuah The Moon Basis, which is answerable for managing the coin’s sale funds.
“[The lawsuit] arises from the illegal promotion and sale of the Hawk Tuah cryptocurrency memecoin, generally known as the ‘$HAWK’ token, which Defendants provided and offered to the general public with out correct registration,” stated the ruling.
Welch herself isn’t straight implicated within the lawsuit. Nonetheless, questions arose after a public Areas stream on December 5, the place she prevented investor questions concerning the crash, saying she was “going to bed” earlier than abruptly disconnecting.
Her silence ended Friday with the Twitter assertion, however the controversy is way from resolved. Welch’s Instagram, with its tens of millions of followers, has been inactive since December 3, and her podcast account final posted the following day.
What’s Subsequent for Hawk Tuah Woman?
The cryptocurrency crash has overshadowed Welch’s earlier success as an web persona. Whereas her ventures like Speak Tuah and Pookie Instruments showcased her capability to capitalize on fame, the $HAWK fiasco is a cautionary story of how briskly fortunes can shift within the unstable crypto sector.
Regardless of the challenges, Welch stays dedicated to discovering solutions. Her promise to “hold the responsible parties accountable” leaves many questioning if her charisma and dedication can assist restore belief—or if the harm has already been accomplished.
Haliey Welch Breaks Silence on Hawk Tuah 95% Crash, Vows to Uncover Reality
