Web character Hailey Welch, often known as “Hawk Tuah” woman, lately addressed the HAWK memecoin rip-off after two months. The influencer lastly “woke up” after going “to sleep” following the crash of her token, which left most crypto traders empty-handed.
‘Hawk Tuah’ Girl Lastly Wakes Up
On Thursday, influencer Hailey Welch broke her silence in regards to the controversial launch of the Hawk Tuah (HAWK) memecoin. After practically two months since her final assertion, Welch launched a now-deleted comeback episode of her podcast addressing the December crypto rip-off.
Influencer FaZe Banks, DeGods creator Frank, content material creator Threadguy, and Welch’s lawyer Christian Barker joined her on the “Talk Tuah” episode to debate what occurred with the token.
Threadguy, Hailey Welch, FaZe Banks, and Frank through the podcast recording. Supply: Faze Banks on X
The HAWK memecoin was launched on December 4, 2024, in partnership with Web3 platform overHere. The venture was offered as not “just another token launch,” aiming to “redefine the crypto space” as an alternative.
The cryptocurrency shortly rose and fell, hitting a powerful $500 million market capitalization earlier than plummeting 90% a number of hours after launching. On-chain information confirmed {that a} cluster of wallets managed 80% of the provision, and snipers mass-bought the token seconds after the launch.
Moreover, pre-sale consumers began to dump their tokens, sending the memecoin’s value right into a nosedive simply because it had taken off. Consequently, the crypto neighborhood referred to as out the influencer and her staff, accusing them of rug-pulling traders and insider buying and selling.
In an X House, the HAWK memecoin’s staff was confronted by a number of neighborhood figures however didn’t provide a passable reply. Later, the influencer introduced she was “going to sleep” and ended the House, disappearing from the Web for practically two months.
Yesterday, the influencer addressed her disappearance in the beginning of the now-deleted podcast episode, stating, “It was a very long nap.”
Welch Says She Has ‘No Idea About Crypto’
Through the Discuss Tuah episode, Welch affirmed that she has no data about crypto however entered the area after a “friend of a friend” launched her to the venture. The individual, who allegedly has many connections in LA, advised the influencer and her staff that the venture was “going to change the way everybody thinks of crypto.”
She claims her staff was advised it was “supposed to be more like a long-term coin” and “done in the right way.” Furthermore, the cash she constituted of the venture would allegedly go to her charity, which seemingly inclined her to just accept.
Her lawyer defined that the deal was a “brand image likeness” deal and so they had no half within the tokenomics or growth of the token. Welch was paid $125,000 upfront to advertise the memecoin and was promised one other $200,000 inside 30 days after the launch.
Moreover, she was imagined to obtain a ten% allocation of the HAWK memecoin provide, with a 1-year lockup interval, and get 5% of the locked tokens. Nonetheless, her lawyer claims that the tokenomics continued altering all through the method, and after the launch, including that she by no means obtained the second cost.
Additionally they clarified that they don’t know who the developer is because it wasn’t disclosed to them. It’s price noting that, on December 20, Welch shared on X that she was “fully cooperating with and committed to assisting the legal team representing the individuals impacted” to uncover “the truth” to carry accountable these liable for the rip-off.
Nonetheless, the controversy continued after FaZe Banks referred to as out Welch and her staff for allegedly leaking and inside buying and selling the memecoin.
Banks acknowledged that her staff launched the episode with out his approval, as he had “heavy stipulations” to agree and launch the podcast, together with “not allowing markets to be manipulated by leaking this episode’s existence before a resolution was found.”
Yesterday, HAWK noticed a 291% enhance across the podcast’s launch however fell again to its earlier ranges within the following hours. “The price of HAWK is pumping and they completely fucking fumbled the bag, yet again. What a fucking mess. Poor girl, it’s a wonder how she found herself in this position in the first place,” Banks concluded.
Complete crypto market capitalization is at $3.15 trillion within the one-week chart. Supply: TOTAL on TradingView
Featured Picture from Unsplash.com, Chart from TradingView.com
