Joe Rogan delivers a harsh response to Hawk Tuah girl fans who invested in her cryptocurrency, leading many to lose their entire life savings.
In December, Haliey Welch, better known as Hawk Tuah girl, released her cryptocurrency, the $HAWK meme coin.
The launch quickly turned disastrous as fans reported losing significant amounts of money, with some claiming they lost their life savings after the coin’s value plummeted.
Investors lose money on $HAWK coin
Fans of Hawk Tuah girl eagerly invested in her cryptocurrency, but the venture soon collapsed.
Many expressed their frustration on social media, stating they had suffered substantial financial losses. Some went so far as to file lawsuits, alleging improper promotion and sale of the coin.
Law firms began investigating, and on December 19, a court document accused Welch and her team of “unlawful promotion and sale” of the $HAWK cryptocurrency.
The coin was reportedly sold without proper registration, intensifying the scrutiny around Welch’s involvement.
Joe Rogan’s harsh response to the controversy
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Joe Rogan shared his thoughts on the situation during a recent episode of his podcast. His comments were blunt and critical.
“One guy invested a million dollars,” Rogan said. “Imagine thinking, ‘The Hawk Tuah girl? Yeah, that’s a sound investment.’”
PowerfulJRE/Youtube
The podcaster speculated that Welch, at just 22 years old, might not have fully understood the complexities of the cryptocurrency world.
Rogan suggested that her partners might have orchestrated a pump-and-dump scheme, leaving her to face the fallout.
Legal troubles mount for Welch and her team
Reports indicate that 12 individuals are suing Welch and her team for a collective $151,000.
Addressing this, Rogan remarked on the relatively small number of claimants, adding, “Isn’t it weird that there’s only 12 people and they’ve only lost $151,000 total?”
Welch breaks her silence and promises cooperation
After weeks of silence, Welch addressed the controversy via social media. She expressed regret and pledged to take the situation seriously.
“I take this situation extremely seriously and want to address my fans, the investors who have been affected, and the broader community,” Welch tweeted.
She assured followers that she is cooperating with legal teams and working to uncover the truth behind the collapse of $HAWK. Welch encouraged affected individuals to contact Burwick Law for assistance.
The $HAWK cryptocurrency scandal highlights the risks associated with meme coins and celebrity endorsements in the crypto space. While Welch insists on her commitment to resolving the situation, the controversy has sparked debates about accountability and the need for stricter regulations.
For now, the case continues to unfold, leaving fans and investors waiting for answers.