Haliey Welch, also known as the “Hawk Tuah Girl,” is facing backlash for promoting a memecoin that crashed. The $HAWK memecoin was launched on Dec. 4, but its value skyrocketed and then quickly collapsed, causing investors to lose large amounts of money.
Welch announced her involvement with the project, which included partnering with crypto team OverHere and influencer Alex Larson Schultz, also known as Doc Hollywood. However, she claimed not to have had a role in the creation or development of the memecoin.
Criticism mounted after Welch hosted a Spaces stream on X, where listeners heavily criticized her and the team. Welch’s response was interrupted by another user, who left a viral message on TikTok. Since then, Welch has remained largely silent until she posted a statement on Dec. 20.
In her statement, Welch expressed her commitment to assisting the legal team representing investors affected by the crash and vowed to uncover the truth behind the project. She urged those affected to contact a lawyer and provided a link to do so.
Welch’s involvement in the failed memecoin has raised questions about her judgment and business practices. The incident serves as a cautionary tale for anyone considering investing in cryptocurrencies, particularly those inspired by memes.
Source: https://www.yahoo.com/entertainment/hawk-tuah-girl-haliey-welch-says-shes-fully-cooperating-and-wants-to-uncover-the-truth-after-failed-crypto-launch-205925252.html