Million

Hawk

Hawk Tuah girl Haliey Welch has disappeared from the public eye and buyers of her viral HAWK meme coin filed a lawsuit against the parties directly involved in the Solana token’s launch. 
The last episode of Welch’s popular podcast Talk Tuah was aired on Dec. 3. She has since gone silent, with no new updates on social media, no new podcast episodes, and no word regarding her whereabouts. 
<img decoding="async" class="alignnone" src="https://s.yimg.com/ny/api/res/1.2/6WN_Gzr_1MeZyNzNIXe0XQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTEyNDI7aD04Mjg-/https://media.zenfs.com/en/mashable_articles_863/c2bd6fb450c2b95765347bcd355f3783" alt="Hawk Tuah' girl Haliey Welch" width="1242" height="828"> 
<h2 id="span-style-font-weight-400-hawk-soared-to-a-peak-market-cap-of-490-million-before-plunging-93-span">HAWK Soared To A Peak Market Cap Of $490 Million Before Plunging 93%</h2> 
Welch’s rise to fame came after she dropped what would go on to become her catchphrase “Hawk Tuah” in a video clip that went viral online earlier this year. She then capitalized on her internet fame by selling merchandise and launching her own podcast, which soared to the top of the Spotify podcast charts. 
To further capitalize on her popularity, Welch launched her own crypto token with the ticker <a href="https://insidebitcoins.com/news/hawk-tuah-price-prediction-hawk-plunges-46-as-haliey-welch-speaks-out-while-this-peoples-meme-coin-closes-on-5m">HAWK</a> on Dec. 4. The new Solana meme coin’s launch started strong, with HAWK’s market cap soaring to a peak of $490 million initially. Within minutes, however, the token’s price and valuation collapsed 93%. 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 Hawk is live!!! 
 HAWKThXRcNL9ZGZKqgUXLm4W8tnRZ7U6MVdEepSutj34 <a href="https://t.co/9GFgYwpeFA">pic.twitter.com/9GFgYwpeFA</a> 
 — Haliey Welch (@HalieyWelchX) <a href="https://twitter.com/HalieyWelchX/status/1864434514610782583?ref_src=twsrc%5Etfw">December 4, 2024</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
Investors then alleged the project was nothing more than a successful rugpull. A cluster of connected wallets also held around 96% of the token’s supply at launch, adding to the controversy around the project. 
<h2 id="span-style-font-weight-400-investors-file-lawsuit-against-haliey-welch-and-the-hawk-token-team-span">Investors File Lawsuit Against Haliey Welch And The HAWK Token Team&nbsp;</h2> 
Haliey Welch, Alex Larson Schultz and a representative from OverHere, the company that launched the meme coin together with Schultz and Welch, hosted an <a href="https://x.com/beginbotbot/status/1864753526615728424">X Spaces</a> event to talk to angry <a href="https://insidebitcoins.com/news/investors-outraged-at-hawk-tuah-meme-coin-launch-file-complaints-with-sec-after-91-drop">investors</a> on the same day as the token’s launch. The trio tried to defend the launch. However, Welch decided to go to bed as soon as the Spaces event got too heated. 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 BREAKING: 
 HAILEY WELCH ANNOUNCES SHE IS GOING TO BED WHEN THE PANEL IS ASKED HOW MUCH THEY WERE PAID. <a href="https://t.co/iW4R7vGSuZ">pic.twitter.com/iW4R7vGSuZ</a> 
 — Mr. Frog, (Road to Redemption Arc) (@TheMisterFrog) <a href="https://twitter.com/TheMisterFrog/status/1864556778911887635?ref_src=twsrc%5Etfw">December 5, 2024</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
Yesterday, disgruntled investors <a href="https://news.bloomberglaw.com/securities-law/hawk-tuah-memecoin-investors-sue-promoters-over-us-registration">filed a lawsuit</a> against the creators of HAWK. In the filing, the investors alleged that the token’s creators unlawfully sold unregistered securities. The lawsuit includes 12 American resident plaintiffs who claim to have suffered more than $151,000 in collective damages. 
<h3 id="span-style-font-weight-400-related-articles-span">Related Articles:</h3> 
<ul> 
 <li style="font-weight: 400;"><a href="https://insidebitcoins.com/news/ark-invest-dumps-3-9-million-in-coinbase-shares-amid-10-price-drop-and-fed-rate-cut-caution">Ark Invest Dumps $3.9 Million In Coinbase Shares</a></li> 
 <li style="font-weight: 400;"><a href="https://insidebitcoins.com/news/viral-meme-coin-catslap-will-burn-1-million-in-slap-tokens-on-december-20th-price-surge-expected">Viral Meme Coin Catslap Will Burn $1 Million In SLAP Tokens</a></li> 
 <li style="font-weight: 400;"><a href="https://insidebitcoins.com/news/top-trending-cryptos-on-tron-chain-sunwukong-htx-coin-cyber-dog">Top Trending Cryptos on Tron Chain</a></li> 
</ul>

Hawk Tuah Girl Haliey Welch Vanishes As Viral HAWK Project Is Sued

Table of Contents

Inside Bitcoins

Other articles published on Dec 20, 2024

SushiSwap Unveils Ambitious 2025 Product Launches, Expanding DeFi Ecosystem

Mastering Spider Solitaire: Tips, Tricks, and Strategies for Success

“Buy The Dip” Mentions Soar To 8-Month High Amid Crypto Crash

Hedera Hashgraph price rare patterns point to an HBAR rebound

XRP’s Volatility Clamps Down—Traders Prepare for Next Big Move

Qubetics Rockets Past $7.2M in Presale, Near Protocol Investors Eye Blockchain Growth, and XRP Ga...

Join our free newsletter for daily crypto updates!