On social media, many viewers were stunned after Hawk Tuah Girl responded to calls for her to be jailed following the purchase of her cryptocurrency.
Hawk Tuah Girl’s recent launch of HAWK Coin sparked debate after many faced massive losses from buying her cryptocurrency.
Haliey Welch gained viral fame after making an NSFW comment about what makes a man go crazy in bed. Her remark, “hawk tuah spit on that thang,” became an internet sensation, earning her the nickname “Hawk Tuah Girl.”
Since then, Welch has amassed nearly three million Instagram followers and expanded her brand, which includes a clothing line with “Hawk Tuah” emblazoned on hats and apparel.
Hawk Tuah Girl launched HAWK Coin
On December 4, Welch ventured into the cryptocurrency world with the launch of $HAWK, a meme coin. The coin initially gained attention, reaching a market cap of $490 million.
However, the value of $HAWK dramatically crashed just 20 minutes later, dropping to $41 million.
This rapid loss of value left many fans with significant financial losses.
Fans lose life savings after $HAWK Coin crashes
Haliey Welch, better known as Hawk Tuah Girl, is facing heavy backlash after launching HAWK Coin.
Her cryptocurrency, $HAWK, lost over $430 million in value within 20 minutes of its launch.
Some investors have claimed they lost their life savings. Many are accusing Welch of orchestrating a ‘rug pull.’
A rug pull is a scheme where cryptocurrency creators sell off their holdings, causing prices to plummet.
Many viewers criticized HAWK Coin.
On social media, many called for Hawk Tuah Girl to be jailed, with fans ‘losing life savings’ after buying her cryptocurrency.
However, others also criticized those who invested in HAWK Coin, calling them stupid.
One person said: Many viewers criticized HAWK Coin.
On social media, many called for Hawk Tuah Girl to be jailed, with fans ‘losing life savings’ after buying her cryptocurrency.
However, others also criticized those who invested in HAWK Coin, calling them stupid.
A second wrote: She didn’t launch Hawk Tuah lol …. Just cause it has her famously known phrase, it doesn’t mean she made the coin
Whil a third commemnnted: Most people shouldn’t be investing. They get mad at what they don’t understand. And they have no knowledge but think there are guarantees in the market…..
Another added: She ruggpulled it after an hour or two hahahahaha memecoins man
Investors accuse Welch of “rug pull” after crypto crash
Investors quickly accused Welch and her team of conducting a “rug pull.”
A rug pull occurs when cryptocurrency creators sell off their holdings, causing the value of the coin to collapse. This leaves investors with worthless assets.
One Twitter user claimed to have lost $33,000 after purchasing $HAWK, only for it to be worth a fraction of its original value minutes later.
Other investors expressed frustration, claiming they were misled by Welch’s promotional hype.
Haliey Welch defends actions and denies wrongdoing
In response to the backlash, Welch took to Twitter and defended her actions. She stated that neither she nor her team had sold any $HAWK tokens.
She wrote: “Team hasn’t sold one token and not 1 KOL was given 1 free token.”
Additionally, she also addressed concerns about “snipers,” individuals who buy tokens during the initial launch to sell them for a quick profit. She claimed that high fees had been implemented to prevent this but were later reduced.
Despite Welch’s defense, some online users accused her of lying and pointed to evidence of insider trading.
As more details emerged, investors continued to share their frustration on social media.
While, many questioned Welch’s transparency in the project and whether she had manipulated the market for her own gain.