'Hawk Tuah Girl' Hailey Welch Addresses Lawsuit After Meme Coin Named After Her Crashes: 'I Take This Extremely Seriously'

The group behind the meme coin named after viral "Hawk Tuah Girl" Hailey Welch has been hit with a lawsuit from investors after the $HAWK coin crashed within hours of its launch.

Investors in the meme coin named after viral "Hawk Tuah Girl" Hailey Welch have filed a lawsuit against the group behind the coin, following its rapid crash within hours of its launch.

The complaint, filed in New York on Thursday and obtained by The New York Post, accuses Tuah The Moon Foundation; overHere Ltd and its founder, Clinton So; and influencer Alex Larson Schulz, known as "Doc Hollywood," of illegally selling and promoting the coin, which was not registered as a security, according to the report.

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A representation of cryptocurrencies is seen in this illustration photo taken in Krakow, Poland, on Nov. 14, 2022. (Jakub Porzycki/NurPhoto via Getty Images / Getty Images)

Welch herself was not named in the lawsuit, and she addressed the situation on social media on Friday.

"I take this situation extremely seriously and want to quickly address my fans, the investors who have been affected, and the broader community," she wrote on X. "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."

She directed anyone who sustained losses from the $HAWK coin to contact the Burwick Law firm.

Haliey Welch attends SiriusXM Studios in Los Angeles on July 31. (Michael Tullberg/Getty Images / Getty Images)

$HAWK was launched on Dec. 5, and Welch promoted it to her social media following. The meme coin quickly surged to a market cap of $490 million, before plummeting to just $41.7 million in valuation within a matter of hours.

Haliey Welch attends SiriusXM Studios in Los Angeles on July 31. (Michael Tullberg/Getty Images / Getty Images)

Welch told Fortune at the time that Hawk was not meant to be a "cash grab."

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The 22-year-old overnight celebrity said that while she used to view cryptocurrency as a scam, she changed her mind because it’s a "fun way to get my fans to interact."

FOX Sports' Scott Thompson contributed to this report.