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Cryptocurrency News Articles
'Hawk Tuah Girl' Hailey Welch Breaks Silence on the Crash of Her Meme Coin $HAWK
Dec 21, 2024 at 03:07 am
Hailey Welch, who is best known as “Hawk Tuah Girl” thanks to her viral video, is finally breaking her silence on the crash of her meme coin.
A meme coin promoted by TikTok star Hailey Welch crashed on December 4, leaving investors with massive losses. Now, Welch is breaking her silence on the incident.
The coin, called $HAWK, was launched on December 4 and quickly rose to a market cap of $490 million. However, within minutes, the coin crashed to below $100 million. According to THR, investors lost hundreds of thousands of dollars.
Although Welch is not named in the lawsuit, investors have filed a suit against the creators of $HAWK, accusing them of “unlawfully promoting and selling cryptocurrency that was allegedly never properly registered.”
After weeks of silence on the controversy, Welch is now speaking out.
“I take this situation extremely seriously and want to address my fans, the investors who have been affected, and the broader community. 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. If you have experienced losses related to this, please contact Burwick Law using the link below: https://burwick.law/newclient,” Hailey tweeted.
I take this situation extremely seriously and want to address my fans, the investors who have been affected, and the broader community. I am fully cooperating with and am committed to assisting the legal team representing the individuals impacted, as well as to help uncover the…
— Haliey Welch (@HalieyWelchX) December 20, 2024
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