{"id":665531,"date":"2024-12-20T08:30:37","date_gmt":"2024-12-20T08:30:37","guid":{"rendered":"https:\/\/uniquehot.com\/?p=665531"},"modified":"2024-12-20T04:58:48","modified_gmt":"2024-12-20T04:58:48","slug":"memecoin-mayhem-hawk-tuah-girl-hailey-welch-faces-lawsuit-after-95-crash","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/memecoin-mayhem-hawk-tuah-girl-hailey-welch-faces-lawsuit-after-95-crash\/","title":{"rendered":"Memecoin Mayhem: \u2018Hawk Tuah\u2019 Girl Hailey Welch Faces Lawsuit After 95% Crash"},"content":{"rendered":"

Hailey Welch, popularly known as the “Hawk Tuah Girl,” has been absent from public view for two weeks, igniting a wave of controversy surrounding her cryptocurrency project, the Hawk Tuah (HAWK) memecoin<\/span>.\u00a0<\/span><\/p>\n

Welch, who gained fame through her podcast “Talk Tuah,” last communicated with her audience by stating she was “going to sleep,” shortly before the value of her memecoin plummeted by a staggering 95%.<\/span><\/p>\n

Investors Sue Hailey Welch Over Alleged Memecoin Fraud<\/span><\/h2>\n

The fallout from the rapid decline in the Hawk Tuah token has been swift, with disappointed investors taking legal action against Welch and several associated entities.\u00a0<\/span><\/p>\n

The lawsuit, filed on behalf of affected investors, accuses Welch, the Tuah The Moon Foundation, OverHere Ltd., its executive Clinton So, and coin promoter Alex Larson Schultz of orchestrating a fraudulent “rug pull.”\u00a0<\/span><\/p>\n

Related Reading: Interest Rate Cut Impact: Bitcoin Price Reaction Unraveled With Future Projections<\/a><\/div>\n

According to court documents <\/span>obtained <\/span><\/a>by Newsweek, the complaint alleges that the \u201cunlawful promotion and sale\u201d of the Hawk Tuah memecoin resulted in significant financial losses, particularly impacting those new to cryptocurrency investing.<\/span><\/p>\n

The lawsuit emphasizes that many investors were attracted to the Hawk Tuah project due to Welch’s <\/span>public endorsement <\/span><\/a>and her influential role in its development roadmap. It states, \u201cThe rapid decline in the token\u2019s value caused substantial damages to investors who relied on Welch\u2019s participation and the project\u2019s stated roadmap.\u201d<\/span><\/p>\n

Initially, the Hawk Tuah token captured attention as part of a wave of community-driven memecoins, buoyed by Welch\u2019s \u201caggressive promotion\u201d across social media platforms and her podcast.\u00a0<\/span><\/p>\n

However, allegations of mismanagement and deceptive practices soon surfaced after the token’s value collapsed almost overnight, erasing millions of dollars in <\/span>investor funds<\/span><\/a>.<\/span><\/p>\n

Insider Trading Allegations<\/span><\/h2>\n

Bitcoinist <\/span>reported <\/span><\/a>two weeks ago that on-chain investigator Coffeezilla accused Hailey Welch and the Hawk Tuah team of scamming investors following the token’s launch.\u00a0<\/span><\/p>\n

On November 26, Welch had announced her partnership with the Web3 platform OverHere to launch the Hawk Tuah memecoin, claiming it would “set to redefine the crypto space.”<\/span><\/p>\n

Upon its launch on December 4, the token\u2019s market capitalization skyrocketed to $500 million, only to plummet 88% within minutes as major <\/span>holders <\/span><\/a>rapidly sold off their assets.<\/span><\/p>\n

As the token’s value collapsed, investors and market analysts raised alarms about potential insider trading and a coordinated rug pull orchestrated by the project\u2019s creators. Many of the affected investors were Welch\u2019s fans, many of whom were new to the crypto landscape.<\/span><\/p>\n

Related Reading: Ethereum To Outpace Solana In 2025, Bitwise CIO Asserts<\/a><\/div>\n

In the wake of the backlash, Welch revealed the token’s \u201cHawkanomics,\u201d which indicated that only 2% of the<\/span> total supply<\/span><\/a> was allocated for public distribution, while 17% was designated for a \u201cstrategic allocation\u201d that was fully unlocked at launch and allegedly funneled to insider wallets.\u00a0<\/span><\/p>\n

During an X Space discussion, Coffeezilla confronted the Hawk Tuah team about over $1 million in fees generated from the token and questioned their handling of the situation. He suggested that the sell-off was not merely the result of market snipers but rather linked to <\/span>insider trading <\/span><\/a>related to the creators\u2019 accounts.<\/span><\/p>\n

Despite the team\u2019s denials, Coffeezilla criticized the launch as one of the worst he has reviewed, labeling the tokenomics as \u201chorrible\u201d and calling for accountability regarding the presale funds, which amounted to approximately $16.69 million.<\/span><\/p>\n

\"Memecoin\"
The daily chart shows the total crypto market cap value at $3.29 trillion. Source: TOTAL on TradingView.com<\/a><\/figcaption><\/figure>\n

Featured image from Yahoo, chart from TradingView.com\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Hailey Welch, popularly known as the “Hawk Tuah Girl,” has been absent from public view for two weeks, igniting a wave of controversy surrounding her cryptocurrency project, the Hawk Tuah (HAWK) memecoin.\u00a0 Welch, who gained fame through her podcast “Talk Tuah,” last communicated with her audience by stating she was “going to sleep,” shortly before the value of her memecoin plummeted by a staggering 95%. Investors Sue Hailey Welch Over Alleged Memecoin Fraud The fallout from the rapid decline in the Hawk Tuah token has been swift, with disappointed investors taking legal action against Welch and several associated entities.\u00a0 The lawsuit, filed on behalf of affected investors, accuses Welch, the Tuah The Moon Foundation, OverHere Ltd., its executive Clinton So, and coin promoter Alex Larson Schultz of orchestrating a fraudulent “rug pull.”\u00a0 Related Reading: Interest Rate Cut Impact: Bitcoin Price Reaction Unraveled With Future Projections According to court documents obtained by Newsweek, the complaint alleges that the \u201cunlawful promotion and sale\u201d of the Hawk Tuah memecoin resulted in significant financial losses, particularly impacting those new to cryptocurrency investing. The lawsuit emphasizes that many investors were attracted to the Hawk Tuah project due to Welch’s public endorsement and her influential role in its development roadmap. It states, \u201cThe rapid decline in the token\u2019s value caused substantial damages to investors who relied on Welch\u2019s participation and the project\u2019s stated roadmap.\u201d Initially, the Hawk Tuah token captured attention as part of a wave of community-driven memecoins, buoyed by Welch\u2019s \u201caggressive promotion\u201d across social media platforms and her podcast.\u00a0 However, allegations of mismanagement and deceptive practices soon surfaced after the token’s value collapsed almost overnight, erasing millions of dollars in investor funds. Insider Trading Allegations Bitcoinist reported two weeks ago that on-chain investigator Coffeezilla accused Hailey Welch and the Hawk Tuah team of scamming investors following the token’s launch.\u00a0 On November 26, Welch had announced her partnership with the Web3 platform OverHere to launch the Hawk Tuah memecoin, claiming it would “set to redefine the crypto space.” Upon its launch on December 4, the token\u2019s market capitalization skyrocketed to $500 million, only to plummet 88% within minutes as major holders rapidly sold off their assets. As the token’s value collapsed, investors and market analysts raised alarms about potential insider trading and a coordinated rug pull orchestrated by the project\u2019s creators. Many of the affected investors were Welch\u2019s fans, many of whom were new to the crypto landscape. Related Reading: Ethereum To Outpace Solana In 2025, Bitwise CIO Asserts In the wake of the backlash, Welch revealed the token’s \u201cHawkanomics,\u201d which indicated that only 2% of the total supply was allocated for public distribution, while 17% was designated for a \u201cstrategic allocation\u201d that was fully unlocked at launch and allegedly funneled to insider wallets.\u00a0 During an X Space discussion, Coffeezilla confronted the Hawk Tuah team about over $1 million in fees generated from the token and questioned their handling of the situation. He suggested that the sell-off was not merely the result of market snipers but rather linked to insider trading related to the creators\u2019 accounts. Despite the team\u2019s denials, Coffeezilla criticized the launch as one of the worst he has reviewed, labeling the tokenomics as \u201chorrible\u201d and calling for accountability regarding the presale funds, which amounted to approximately $16.69 million. Featured image from Yahoo, chart from TradingView.com\u00a0<\/p>\n","protected":false},"author":589,"featured_media":665535,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[6664,26263,14690,1558,54512,93738,93736,93737,85699,93085],"class_list":["post-665531","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-crypto","tag-crypto-analyst","tag-crypto-news","tag-cryptocurrency","tag-defi","tag-hailey-welch","tag-hawk-memecoin","tag-hawk-token","tag-memecoin","tag-memecoin-news"],"acf":[],"yoast_head":"\nMemecoin Mayhem: \u2018Hawk Tuah\u2019 Girl Hailey Welch Faces Lawsuit After 95% Crash<\/title>\n<meta name=\"description\" content=\"Hailey Welch has been absent from public view for two weeks, igniting a wave of controversy surrounding her Hawk Tuah (HAWK) 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Ronaldo recognizes that patterns exist within the chaos of crypto charts, and by utilizing technical analysis tools and indicators, he can unlock hidden opportunities and make informed investment decisions. His dedication to mastering this analytical approach has allowed him to navigate the volatile crypto market with confidence and precision. Ronaldo's commitment to his craft goes beyond personal gain. He is passionate about sharing his knowledge and insights with others, empowering them to make well-informed decisions in the crypto space. Ronaldo's writing is a testament to his dedication, providing readers with meaningful analysis and up-to-date news. He strives to offer a comprehensive understanding of the crypto industry, helping readers navigate its complexities and seize opportunities. Outside of the crypto realm, Ronaldo enjoys indulging in other passions. 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