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Hawk Tuah woman Haliey Welch has disappeared from the general public eye and patrons of her viral HAWK meme coin filed a lawsuit towards the events immediately concerned within the Solana token’s launch.
The final episode of Welch’s well-liked podcast Discuss Tuah was aired on Dec. 3. She has since gone silent, with no new updates on social media, no new podcast episodes, and no phrase concerning her whereabouts.
HAWK Soared To A Peak Market Cap Of $490 Million Earlier than Plunging 93%
Welch’s rise to fame got here after she dropped what would go on to grow to be her catchphrase “Hawk Tuah” in a video clip that went viral on-line earlier this yr. She then capitalized on her web fame by promoting merchandise and launching her personal podcast, which soared to the highest of the Spotify podcast charts.
To additional capitalize on her recognition, Welch launched her personal crypto token with the ticker HAWK on Dec. 4. The brand new Solana meme coin’s launch began robust, with HAWK’s market cap hovering to a peak of $490 million initially. Inside minutes, nonetheless, the token’s worth and valuation collapsed 93%.
Hawk is dwell!!!
HAWKThXRcNL9ZGZKqgUXLm4W8tnRZ7U6MVdEepSutj34 pic.twitter.com/9GFgYwpeFA
— Haliey Welch (@HalieyWelchX) December 4, 2024
Buyers then alleged the challenge was nothing greater than a profitable rugpull. A cluster of linked wallets additionally held round 96% of the token’s provide at launch, including to the controversy across the challenge.
Buyers File Lawsuit Towards Haliey Welch And The HAWK Token Staff
Haliey Welch, Alex Larson Schultz and a consultant from OverHere, the corporate that launched the meme coin along with Schultz and Welch, hosted an X Areas occasion to speak to indignant traders on the identical day because the token’s launch. The trio tried to defend the launch. Nevertheless, Welch determined to go to mattress as quickly because the Areas occasion received too heated.
BREAKING:
HAILEY WELCH ANNOUNCES SHE IS GOING TO BED WHEN THE PANEL IS ASKED HOW MUCH THEY WERE PAID. pic.twitter.com/iW4R7vGSuZ
— Mr. Frog, (Street to Redemption Arc) (@TheMisterFrog) December 5, 2024
Yesterday, disgruntled traders filed a lawsuit towards the creators of HAWK. Within the submitting, the traders alleged that the token’s creators unlawfully offered unregistered securities. The lawsuit consists of 12 American resident plaintiffs who declare to have suffered greater than $151,000 in collective damages.
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