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Hawk Tuah girl Haliey Welch has disappeared from the public eye and buyers of her viral HAWK meme coin filed a lawsuit against the parties directly involved in the Solana token’s launch.
The last episode of Welch’s popular podcast Talk Tuah was aired on Dec. 3. She has since gone silent, with no new updates on social media, no new podcast episodes, and no word regarding her whereabouts.
HAWK Soared To A Peak Market Cap Of $490 Million Before Plunging 93%
Welch’s rise to fame came after she dropped what would go on to become her catchphrase “Hawk Tuah” in a video clip that went viral online earlier this year. She then capitalized on her internet fame by selling merchandise and launching her own podcast, which soared to the top of the Spotify podcast charts.
To further capitalize on her popularity, Welch launched her own crypto token with the ticker HAWK on Dec. 4. The new Solana meme coin’s launch started strong, with HAWK’s market cap soaring to a peak of $490 million initially. Within minutes, however, the token’s price and valuation collapsed 93%.
Hawk is live!!!
HAWKThXRcNL9ZGZKqgUXLm4W8tnRZ7U6MVdEepSutj34 pic.twitter.com/9GFgYwpeFA
— Haliey Welch (@HalieyWelchX) December 4, 2024
Investors then alleged the project was nothing more than a successful rugpull. A cluster of connected wallets also held around 96% of the token’s supply at launch, adding to the controversy around the project.
Investors File Lawsuit Against Haliey Welch And The HAWK Token Team
Haliey Welch, Alex Larson Schultz and a representative from OverHere, the company that launched the meme coin together with Schultz and Welch, hosted an X Spaces event to talk to angry investors on the same day as the token’s launch. The trio tried to defend the launch. However, Welch decided to go to bed as soon as the Spaces event got 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, (Road to Redemption Arc) (@TheMisterFrog) December 5, 2024
Yesterday, disgruntled investors filed a lawsuit against the creators of HAWK. In the filing, the investors alleged that the token’s creators unlawfully sold unregistered securities. The lawsuit includes 12 American resident plaintiffs who claim to have suffered more than $151,000 in collective damages.
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