Haliey Welch Responds to Allegations of Involvement in the HAWK Memecoin Controversy

Haliey Welch, the influencer behind the viral “Hawk Tuah” TikTok sensation, has issued a statement addressing the controversy surrounding the Hawk Tuah (HAWK) memecoin.

Haliey Welch, the influencer at the center of the viral “Hawk Tuah” TikTok meme, has spoken out about the legal troubles dogging the HAWK memecoin.

Welch, who isn’t named in the lawsuit, said she’s working with lawyers to help the affected investors.

“I’m fully cooperating with lawyers representing investors,” Welch wrote in a December 20 post on X, adding that she takes the allegations “extremely seriously.”

Crypto users have filed a lawsuit against the token’s creators and collaborators, accusing them of promoting and selling what could be considered an unregistered securities offering. Welch urged those impacted by the HAWK token’s crash to contact the legal team for assistance.

Welch’s role in the HAWK token saga

While Welch herself is not named in the lawsuit, her role in the token’s creation and promotion has come under scrutiny.

The influencer rose to internet fame in June after a viral TikTok clip earned her the nickname “Hawk Tuah.” Following her newfound popularity, Welch ventured into the world of memecoins, lending her image and brand to the HAWK token.

The project initially garnered attention for its comedic roots, but the subsequent collapse has shifted the narrative toward accusations of fraud.

Prominent crypto investigator Coffeezilla and others have highlighted the project, bringing increased attention to the concerns surrounding influencer-driven token promotions.

Despite Welch’s claims of limited involvement with the project’s management, her close association with the token—including its branding, which is closely tied to her “Hawk Tuah” persona—has placed her in the spotlight.

The rise and fall of the HAWK token

The HAWK token was launched on December 4 and quickly gathered steam, thanks in part to Welch’s involvement.

Within days, the token had surged to a market capitalization of $500 million. However, this astronomical ascent was short-lived.

Accusations of a rug pull—a scheme where project insiders or early investors manipulate the price and abandon the project, leaving retail investors with losses—began to swirl as the token’s value plummeted by 90%.

Blockchain data showed that a single wallet purchased around 18% of the token’s supply shortly after the launch and cashed out over $1 million in profit, further raising suspicions of foul play.

Many investors who bought into the token during its peak reported devastating losses, prompting them to seek legal recourse and sound the alarm on the project’s alleged fraudulent practices.

Now, all eyes are on the legal disputes and Welch’s role in the HAWK token controversy.