2024

Solana

Hawk

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<p class="is-style-lead">Add Haliey Welch, the viral “Hawk Tuah” star, to the growing list of influencer <a rel="" href="https://crypto.news/mrbeast-andrew-celebrity-crypto-pump-and-dump-schemes/">misadventures in the crypto space</a>.</p> 
<p>The meme personality is facing serious backlash after her newly launched cryptocurrency, Hawk, took a <a rel="" href="https://crypto.news/why-hawk-tuah-crashed-in-20-minutes/">nosedive</a> from a $490 million market cap to just $60 million in mere hours. </p> 
<p>The crypto community, including YouTuber “Coffeezilla” (whose real name is Stephen Findeisen), is accusing Welch of running a “pump and dump” scheme, where hype drives the price up, only for insiders to cash out and leave investors hanging. </p> 
<p>Welch denied any wrongdoing. In a social media post, she claimed that her team “tried to stop snipers,” bad actors who artificially inflate prices by buying large amounts early, creating an illusion of demand.</p> 
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   <p lang="en" dir="ltr">Copy and pasting:<br><br>Hawkanomics:<br><br>Team hasn’t sold one token and not 1 KOL was given 1 free token<br><br>We tried to stop snipers as best we could through high fee’s in the start of launch on <a href="https://twitter.com/MeteoraAG?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@MeteoraAG</a> <br><br>Fee’s have now been dropped <a rel="nofollow" href="https://t.co/E7xN9VmCrx" target="_blank">pic.twitter.com/E7xN9VmCrx</a></p>— Haliey Welch (@HalieyWelchX) <a href="https://twitter.com/HalieyWelchX/status/1864448384326881713?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">December 4, 2024</a>
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<p> You might also like: <a rel="" href="https://crypto.news/crypto-rug-pull/"> What is a crypto rug pull? How to stay safe from rug pulls </a> </p> 
<p>A community note on Welch’s X post indicated that Welch’s team had been “selling their token since launch.”</p> 
<p>At last check Saturday, the Hawk Tuah coin was down over 7%. Just minutes earlier, it was up by 0.45%.</p> 
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 <img loading="lazy" decoding="async" width="1024" height="683" src="https://crypto.news/app/uploads/2024/12/HAWK_1D_graph_coinmarketcap1-1024x683.png" alt="Hawk Tuah Girl vs. Coffeezilla: Viral star clashes with crypto sleuth over token crash - 40" class="wp-image-14317207">
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  Source: <a href="https://coinmarketcap.com/currencies/hawktuuuah/" target="_blank" rel="nofollow">CoinMarketCap</a>
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<h2 class="wp-block-heading" id="what-s-at-stake-and-did-hawk-tuah-girl-profit">What’s at stake and did Hawk Tuah Girl profit?</h2> 
<p>Sniping entices ordinary investors to buy in on a token at a high price, thinking they’re catching a rising trend.</p> 
<p>After snipers sell their holdings, the token’s price falls off a cliff, leaving late investors holding nearly worthless assets. </p> 
<p>Hawk launched on the Solana blockchain, and while meme coins are usually seen as low-risk fun, this one has sparked accusations of <a rel="" href="https://crypto.news/sports-better-taylor-mathis-faces-crypto-rug-pull-allegations/">rug pulling</a>, a cryptocurrency scam in which developers withdraw liquidity or suddenly abandon a project, resulting in the token’s price plummeting.&nbsp; </p> 
<p>In a YouTube video posted Dec. 5, Coffeezilla — who has made a name for scrutinizing the legitimacy of coins backed by influencers (i.e., <a rel="" href="https://crypto.news/coffeezilla-andrew-tate-crypto-bogus-promotions/">Andrew Tate</a>) — noted that Welch was paid roughly $125,000 in advance from an unnamed company to market the Hawk Tuah token. </p> 
<p>Welch, who made a name by pretending to spit in a viral <a href="https://youtu.be/C7tydu_erZo?feature=shared&amp;t=596" target="_blank" rel="nofollow">video</a>, claimed the coin was meant to unite fans and tackle impersonators. </p> 
<p>Unfortunately, it seems the only thing united was the confusion. A recorded back-and-forth between Coffeezilla and Welch’s legal representative, which currently has over 2.7 million views on YouTube, reveals what appears to be a convoluted payment structure for Welch and the Hawk Tuah-inspired coin. </p> 
<p>Welch, according to Coffeezilla’s conversation with her reps, was subsequently meant to receive 50% of net proceeds after “payments of costs to third parties,” Coffeezilla adds.</p> 
<p>Details regarding the third parties remain unclear. Crypto.news has asked Welch to comment, but has not heard back.</p> 
<p>“I think this whole situation is terrible and she should feel bad,” Coffeezilla concludes. “[Welch] got in bed with these people who clearly saw dollar signs. She saw dollar signs and they did this and people have been hurt.”</p> 
<p>See Coffeezilla’s exposé before.</p> 
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<p> Read more: <a rel="" href="https://crypto.news/these-5-bullish-altcoins-have-the-potential-to-turn-a-1k-investment-into-5m-by-2025/"> Stablecoins on shaky ground? US council calls on Congress to enact crypto oversight </a> </p>

Hawk Tuah Girl vs. Coffeezilla: Viral star clashes with crypto sleuth over token crash

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