Just 20 minutes after the launch of Hawk Tuah Girl’s cryptocurrency, it experienced a dramatic drop, leaving some fans devastated as they reportedly lost their ‘life savings’.
Haliey Welch rose to fame unexpectedly after her candid response to the question ‘what makes a guy go crazy in bed’ went viral. Her answer, which included a gesture and the phrase ‘hawk tuah spit on that thang’, earned her widespread attention and led to her nickname.
Now a prominent figure with nearly three million Instagram followers and her own podcast, Welch has ventured into the world of fashion with a clothing line emblazoned with ‘Hawk Tuah’. Recently, she decided to enter the cryptocurrency market by launching her own meme coin called $HAWK.
However, the value of the coin plummeted from a high of $490 million to just $41 million shortly after the launch, causing financial losses for many investors. This has sparked accusations of a ‘rug pull’, a situation where cryptocurrency creators sell off their holdings, causing the price to crash, and leaving investors with devalued coins.
In response to these claims, Welch has taken to a live stream on Twitter to refute them and defend the actions of herself and her team.
“Hawkanomics: Team hasn’t sold one token and not 1 KOL was given 1 free token,” she tweeted, reiterating her stance.
“We tried to stop snipers as best we could through high fee’s in the start of launch on @MeteoraAG. Fee’s have now been dropped.”
Despite her assertions, readers added context to her tweet, suggesting that her team was indeed selling tokens.
“The ‘team’ and insiders have actually been selling their token since launch,” the added context stated. “A majority have never purchased anything and have only sold the tokens they were given. Haliey is lying and will likely have to ‘talk tuah’ judge about this.”
YouTube investigator Stephen ‘Coffeezilla’ joined the live stream, offering a critical perspective on the situation.
He commented: “This is one of the most miserable, horrible launches I’ve ever seen. I’ve been tracing it on the chain for a while. You guys generated over a million dollars in fees, while your fans got rug pulled. There were snipers, but there was also insider trading directly linked to y’all’s creator accounts.”
One investor shared their experience on Twitter, revealing that they had invested $35,000 into the coin, only to see its value drop to $2,000 within minutes.
“I am a huge fan of Hawk Tuah but you took my life savings,” they wrote to Haliey on the platform. “I purchased your coin $Hawk that you were so excited about with my life savings and children’s college education fund as well.
“You didn’t mention that you were going to buy 97% of the supply and sell it almost immediately to make a large profit.”
Another user commented: “So… it turns out the Hawk Tauh crypto meme coin was not a good investment.”