The “Hawk Tuah” Girl, Haliey Welch, has come under fire after launching a meme coin that crashed almost instantly after soaring to $490 million.
Capitals @ Maple Leafs – NHL Betting Preview Game Betting-preview for December 06, 2024 07:00 PM EST
Welch’s Hawk Tuah coin (HAWK) suffered a pump-and-dump, dropping by almost 90 percent after reaching a peak market capitalization of the aforementioned amount. The coin launched at 5:00 p.m. ET on Wednesday and dropped to $36.6 million in less than three hours.
Data from various sources determined that, at launch, insider wallets and snipers controlled around 80-90 percent of the coin’s supply.
For her part, Haliey has denied involvement in insider sales, insisting her team hasn’t sold any tokens, and no influencers got any HAWK coins for free.
TRENDING NEWS
Haliey Welch on boat
REPORT: Law Firm Is Already Gathering Victims Of Haliey Welch’s Meme Coin Scam As Massive Lawsuit Appears To Be Headed For “Hawk Tuah” Girl
Haliey Welch smiling
Haliey Welch Finally Responds As Fans Tell Her She’s Going To Prison For Scamming Investors With Her Shady Meme Coin Pump-And-Dump Scandal
“Team hasn’t sold one token and not 1 KOL was given 1 free token,” she wrote in a post. “We tried to stop snipers as best we could through high fee’s in the start of launch on Meteora.”
Click on ‘Follow Us’ and get notified of the most viral General stories via Google!
Follow Us
One source, Solscan, showed that one wallet grabbed 17.5 percent of the coin’s total supply just seconds after launch. The wallet bought the coin for 4,195 Wrapped Solana (WSOL), which is valued at $993,000, and sold 135.8 HAWK tokens at a profit of $1.3 million.
Also Read: VIDEO: Hawk Tuah Girl Haliey Welch Got High AF & Made An Insane Taco Bell Order After Her Podcast With Rapper Wiz Khalifa
Experts Think Haliey Welch Might Be In Trouble
Some market experts reckon Haliey and her team could be in real trouble as multiple social media users have revealed having launched an official complaint with the SEC. Law firms have also started advertising their services to folks who lost money on the coin.
One such firm is Burwick Law, which has asked anyone who took on losses to reach out.
“If you lost money on $HAWK, contact our firm to learn about your legal rights,” they posted.
This could get really interesting.
