Gonna have some explaining to do tuah lot of people.
Now, just to get this out of the way at the beginning: I know nothing about cryptocurrency. Don’t know what it is, don’t understand it, have no idea how it works. I’ve dabbled in it before, and still have a little bit in my Coinbase wallet, but I have no idea where it comes from, what it’s used for, how any of it all works. And apparently the Hawk Tuah girl doesn’t either.
Haliey Welch, who shot to fame and became known as the “Hawk Tuah girl” with her viral video over the summer, has been doing her best to capitalize on her fame, recently launching her own podcast called Talk Tuah.
And today, she debuted her newest business venture: Cryptocurrency.
Hawk is live!!!
HAWKThXRcNL9ZGZKqgUXLm4W8tnRZ7U6MVdEepSutj34 pic.twitter.com/9GFgYwpeFA
— Haliey Welch (@HalieyWelchX) December 4, 2024
Does the Hawk Tuah girl really know anything about cryptocurrency? Who knows. But regardless, the meme coin called $HAWK went live on the markets this evening – and then immediately tanked.
This is going to be really hard to explain to the court
Best of luck$HAWK pic.twitter.com/9kwxPOGvLi
— $Bossman (@0xBossman) December 4, 2024
Hi @HalieyWelchX My $35,000 that I purchased of $Hawk is now $2,000 after 10 minutes of buying.
I am a huge fan of Hawk Tuah but you took my life savings.
I purchased your coin $Hawk that you were so excited about with my life savings and children’s college education fund as… pic.twitter.com/MRftQ2sT6g
— JIGGA.5mbK (@jiggadrin_) December 4, 2024
JUST IN: $HAWK (@HalieyWelchX) pumped to $500 million and retraced to $90 million in market cap within 10 minutes 👀 pic.twitter.com/4aWRJRMalH
— BlockNews (@blocknewsdotcom) December 4, 2024
According to folks online who theoretically know way more about crypto than I do (which isn’t hard because as I said, I know nothing about it), they’re claiming that $HAWK “insiders” kept 97% of the coin for themselves, and then immediately began selling it once it became available to the public.
🚨🚨WARNING🚨🚨$HAWK token insiders kept over 97% of the supply and are actively selling!!! pic.twitter.com/KhfXwvQDwV
— Beanie (@beaniemaxi) December 4, 2024
So if I’m understanding correctly, what they’re claiming happened is that the people behind the coin (whoever that may be) only put 3% of the supply on sale, with the other 97% being given for free to these “insiders.” And then once it went on sale, everybody who got the coin for free immediately began selling it, which caused the value to tank once all that supply flooded the market.
Do I have that right? Who knows. But people are pissed.
Some purchasers of the coin have already claimed that they’ve filed complaints with the SEC (the Securities and Exchange Commission, not the football conference), while others claim to have contacted lawyers about a potential lawsuit against the people behind the meme coin.
Just filed my report against @HalieyWelchX and the $HAWK team for rugging investors. Here’s the link below to file a complaint https://t.co/3o2sniVyht https://t.co/ghatzK7L6d pic.twitter.com/Rjuj3LZqZB
— scooter (@imperooterxbt) December 5, 2024
$HAWK tuah You fucked UP Big TIME ⚠️⚠️
How can someone who bought nothing profit $300,000$ and not just one person, but many? The proof is provided below.@HalieyWelchX You have some explaining to do … Especially to the court and to the people you stole money from pic.twitter.com/GAsBpRq89y
— Zac Hirda ♛ (@zakaria_hirda) December 4, 2024
And some are even calling for Welch to be locked up over the alleged scam:
I don’t think you understand how in trouble you might be…
It’s all on the chain. You scammed and rugged thousands.Not good. pic.twitter.com/ubyYSlrrug
— Marco The Xican (@MarcoTheXican) December 5, 2024
You are going to jail. Enjoy splitting outside while you can
— cevo (@cryptocevo) December 4, 2024
Hope this is jail for you
Top trader already sold for over a million dollars
The whole supply is owned by insider wallets pic.twitter.com/L0J0Ggypgf
— SexyStockSlayer (@SexyStockSlayer) December 4, 2024
Of course, as others are pointing out, if you actually put money into a meme coin based on a blowjob joke, should you really be surprised when you lose everything you invested?
If you bought $hawk you deserve all of the rugs.
— Lawrence W. Le Blanc 👽 (@FriscoSmoove) December 5, 2024
wait u guys bought $HAWK, a crypto coin made from a girl who’s only claim to fame is talking about sucking dick in a southern accent..
and you’re surprised you got rug pulled?
you deserve to get rugged 🤣 fucking actual dummies
— Obby (@fatassonthebeat) December 5, 2024
Now, Welch is a 22-year old from the small town of Belfast, Tennessee who didn’t even know who Kim Jong Un or Jimmy Carter were during an episode of her podcast a couple weeks ago. Does she know anything about cryptocurrency? I’m going to guess probably not.
But when you become famous overnight, there are plenty of people who will come out of the woodwork and try to sell you on their business plan. They license your name, pay you a licensing fee or a royalty or some small share of equity, and promise to do all the work if you serve as the face of the brand. And my guess is that’s what happened here.
Unfortunately for Welch, it seems there are already lawyers who are gearing up to look into the situation.
If you lost money on $HAWK, contact our firm to learn about your legal rights.
Our firm represents thousands of nft and token investors in securities matters.
This is attorney advertising.
— Burwick Law (@BurwickLaw) December 5, 2024
