Key Takeaways
- Haliey Welch addressed the failure of the Hawk Tuah meme coin, which saw a 90% price drop and caused $151,000 in investor losses.
- A lawsuit was filed against Tuah The Moon Foundation and others, alleging the Hawk Tuah coin was fraudulently marketed as an unregistered security.
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Hawk Tuah girl Haliey Welch finally spoke up after the failed launch of her meme coin HAWK, but she ended up getting roasted widely by crypto community members.
It was weeks of crickets from Welch after the HAWK launch. The last anyone heard from her was a throwaway “going to bed” during an audio stream on December 4.
Then, nothing—no social media posts, no podcasts, no tweets—until an X post on Friday, where she finally broke her silence and addressed the controversy surrounding the failed launch of her token.
“I take this situation extremely seriously and want to address my fans, the investors who have been affected, and the broader community,” she wrote. “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’s statement comes at a time when Hawk Tuah meme coin creators and promoters are facing a lawsuit over alleged securities violations.
On Thursday, investors filed a lawsuit against Tuah The Moon Foundation, overHere Ltd, Clinton So, and Alex Larson Schultz, claiming that the HAWK token was marketed as an unregistered security.
The lawsuit, filed in the Eastern District of New York, claims misleading promotions leveraging Welch’s internet fame caused the token’s sharp loss of 90% and investor losses exceeding $151,000.
Welch, however, is off the hook as far as the lawsuit goes. In her recent statement, she told anyone who lost money on HAWK to contact Burwick Law, the firm handling the lawsuit alongside Wolf Popper.
The internet responded with a mix of jokes, memes, and some serious frustration. Even Polymarket got in on it, running a poll asking if Welch would tweet again by December 20, and she did right on schedule.
BUZZER BEATER pic.twitter.com/eErpqUGD8a
— Polymarket (@Polymarket) December 20, 2024
Good morning Haliey I hope you slept well
— greg (@greg16676935420) December 20, 2024
Pengu Morning, Hailey.
How was your nap?
— Pudgy Penguins (@pudgypenguins) December 20, 2024
Ma’am, you have exactly zero fans after you robbed everyone.
I hope your legal team is top notch. Have fun in prison, where you belong.
— Gunther Eagleman™ (@GuntherEagleman) December 20, 2024
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https://cryptobriefing.com/hawk-tuah-controversy-meme-coin/
