Haliey Welch, the “Hawk Tuah” Girl, Has Been Cleared of Any Wrongdoing After the SEC Closed Its Investigation into Her Meme Coin

Haliey Welch, popularly known as the “Hawk Tuah” girl, has officially been cleared of any wrongdoing after the U.S. Securities and Exchange Commission (SEC) closed its investigation into her controversial meme coin, $HAWK.

Haliey Welch, the influencer who shot to fame with her viral “Hawk Tuah” impression, has received good news from the U.S. Securities and Exchange Commission (SEC). The SEC has closed its investigation into her meme coin, $HAWK, without taking any action.

This follows the token’s dramatic 95% crash just hours after its launch, sparking criticism and accusations of a pump-and-dump scheme.

At its peak, the token had an astounding $500 million valuation, but this quickly evaporated, with the token plummeting below $60 million in a matter of 20 minutes.

The rapid price movements and the token’s new low sparked a flurry of activity on X, where users shared their disbelief and discussed the implications of such a substantial market shift.

🚨 BREAKING: The SEC has closed its investigation into influencer Haliey Welch's meme coin, which crashed 95% hours after launch. No charges or monetary sanctions will be imposed.

The U.S. Securities and Exchange Commission (SEC) has quietly closed its investigation into the meme coin, which lost 95 percent of its value within hours of launch, without taking any action.

The probe centered around influencer Haliey Welch, known for her viral "Hawk Tuah" impression, and her involvement in the meme coin's promotion.

The token, which began trading at $0.08, quickly surged to $0.42 within a single hour, boasting an astounding $500 million valuation at its peak. However, this rally was short-lived, with the token plummeting below $60 million in the next 20 minutes.

Despite the token's new low and the massive 95 percent crash, no major cryptocurrency news outlets reported on the incident.

The crypto community remains largely divided on how to handle such volatile assets, with some emphasizing the importance of investor education and responsible participation in the market.output: The U.S. Securities and Exchange Commission (SEC) has closed its investigation into the meme coin, which lost 95 percent of its value within hours of launch, without taking any action.

The probe centered around influencer Haliey Welch, known for her viral “Hawk Tuah” impression, and her involvement in the meme coin’s promotion.

The token, which began trading at $0.08, quickly surged to $0.42 within a single hour, boasting an astounding $500 million valuation at its peak. However, this rally was short-lived, with the token plummeting below $60 million in the next 20 minutes.

Recently, the SEC clarified that meme coins do not qualify as securities. Moreover, the agency's priorities have shifted to core federal securities law enforcement, focusing on fraud, manipulation, and material misstatements.

The SEC is also placing emphasis on crypto enforcement, aiming to deter and punish market abuse.

The crypto community remains largely divided on how to handle such volatile assets, with some highlighting the importance of investor education and responsible participation in the market.