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Cryptocurrency News Articles

Hawk Tuah Girl Breaks Silence Following $HAWK Lawsuit: 'I Take This Situation Extremely Seriously'

Dec 21, 2024 at 02:55 am

Haliey Welch, better known as Hawk Tuah Girl, is pretty much exclusively known for talking but has been silent for more than two weeks

Hawk Tuah Girl Breaks Silence Following $HAWK Lawsuit: 'I Take This Situation Extremely Seriously'

Haliey Welch, who is better known as Hawk Tuah Girl, has remained largely silent for the past two weeks following the rapid and spectacular collapse of the branded memecoin $HAWK. Now, Welch is finally speaking out—though not via her podcast or a mic. Instead, she has issued a lawyerly statement following the news that a class action lawsuit has been filed against the team responsible for $HAWK and its unceremonious but extremely predictable crash.

“I take this situation extremely seriously and want to address my fans, the investors who have been affected, and the broader community,” Welch said in a statement. “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, who rode a single viral moment of TikTok fame to internet stardom, has not spoken about anything at all for a minute now. Up until December 4, she went about her usual business, which included posting episodes of her Talk Tuah podcast and heavily promoting $HAWK coin at just about every turn on Twitter. Once $HAWK officially launched, however, the bottom seemed to fall out.

$HAWK launched on December 4 at 5 pm EST. According to analysis from TRM Labs, it had an initial market capitalization of $490. Within a matter of hours, the value plummeted by 91% and the market cap dropped to $41.7 million. About 10 days later, the value of the token was essentially zero.

Welch and the team at overHere Ltd, which was responsible for creating the $HAWK coin, hopped on a Twitter Spaces stream on the night of the launch to try to explain what happened. It went…poorly. Crypto scam reporter and YouTuber Coffeezilla got on the mic and called out the creators for allegedly selling a sizable chunk of the tokens to insiders before launch while only releasing 3% to the public for trading as well as paying themselves high transaction fees. The result looked a lot like a rug pull that saw a bunch of Hawk Tuah fans left holding the bag.

News source:gizmodo.com

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