Hailey Welch, also known as “Hawk Tuah girl,” first found fame through her popular catchphrase “Hawk Tuah.” However, she drew widespread criticism following the collapse of her cryptocurrency meme coin, $HAWK. She has now released a statement on the fiasc

Hailey Welch, who became known as “Hawk Tuah girl” after a viral clip circulated online in June 2024, took to X (formerly Twitter) to address the rapid crumbling of $HAWK.

Hailey Welch, who became known as “Hawk Tuah girl” after a viral clip circulated online in June 2024, took to X (formerly Twitter) to address the rapid crumbling of $HAWK. She launched the coin on December 4 on the Solana blockchain. It reportedly experienced an immediate surge. The coin reached a market capitalization of $491 million before undergoing a severe 95% drop shortly after.

“I take this situation extremely seriously and want to address my fans, the investors who have been affected, and the broader community,” Welch posted on X on Friday, December 20. “I am fully cooperating with and am committed to assisting the legal team representing the individuals impacted, as well as to help uncover the truth, hold the responsible parties accountable, and resolve this matter.”

Welch proceeded to ask those who have sustained financial losses because of $HAWK to contact the law firm Burwick PLLC. Per Binance, the firm has claimed that it does not represent Welch. It also underscored its objective to gain compensation for the impacted parties and arrive at the best possible outcome.

On December 4, Hailey Welch, a.k.a. “Hawk Tuah girl,” claimed on X that her “team hasn’t sold one token and not 1 KOL was given 1 free token.” However, a community note refuting her statement has since been added to the post.

Some observers have alleged that the drop happened due to the actions of the snipers. These are parties who acquire a significant portion of tokens when they go public. $HAWK’s creators now face a lawsuit in New York from investors. They are reportedly seeking for more than $150,000 in damages.