The cryptocurrency, launched on the Solana blockchain, soared to a $500 million market cap upon release, only to plummet by 88% within minutes

Haliey Welch, the creator of the viral "Hawk Tuah" meme, has reportedly vanished from the internet amid allegations of a crypto scam linked to her $HAWK meme coin.
The cryptocurrency, which was launched on the Solana blockchain, soared to a $500 million market cap upon release. However, its value plummeted by 88% within minutes, leaving many fans to incur devastating financial losses.
Accusations of "rug pulling" have surfaced, a practice in which insiders sell off large holdings, crashing the token's value.
"I had no control over the token's management," Welch stated in a public release. Despite her statement, her silence throughout the controversy has fueled public outrage, with many calling for accountability.
The coin, which is now valued at a mere $0.001409, has left Welch's fans—some of whom lost significant amounts of money—feeling betrayed.
Crypto investigators and influencers like Coffeezilla have pressed for answers, but Welch cut short a Twitter space discussion last week, choosing to go offline entirely.
"She's gonna have to Talk Tuah judge soon," quipped one social media user, referencing Welch's podcast. Critics and legal experts remain divided on whether Welch could face legal consequences, though some argue buyers were at fault for investing in a celebrity-driven cryptocurrency.
For now, Welch remains absent from the public eye, leaving fans and skeptics alike to wonder if she'll resurface to address the fallout—or remain in digital exile.
© 2024 Latin Times. All rights reserved. Do not reproduce without permission.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any
investments made based on the information provided in this article. Cryptocurrencies are highly volatile
and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us
immediately (info@kdj.com) and we will delete it promptly.