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Haliey Welch Under Fire for Allegations of Meme Coin Scandal

Haliey Welch, known for her viral catchphrase “Hawk Tuah,” is embroiled in a significant controversy over her recently launched cryptocurrency, Hawk Tuah Coin (HAWK). Initially celebrated, the coin’s market cap soared to $490 million before crashing to $36.6 million within hours, prompting investor outrage and accusations against Welch of running a pump-and-dump scheme.

As discontent grew on social media, Welch’s supporters began to voice their frustrations, urging for her to take responsibility. A prominent law firm has even offered to represent impacted investors, indicating that Welch could face serious legal challenges.

<div class="ue-c-article__media-caption-inner"><span class="ue-c-article__media-description">Hawk Tuah Girl changes lyrics to Jay-Z song_ chaos ensues</span><span class="ue-c-article__media-author"><span>Twitter</span></span></div>

Welch’s defense fails to convince critics

In response to the onslaught of complaints, Welch took to X (formerly known as Twitter) to clarify her position. She denied any personal gain from the coin’s launch, claiming her team’s attempts to thwart early token purchases were in good faith. She stated:

“Team hasn’t sold one token, and not one KOL was given a free token. We tried to stop snipers through high fees at launch on @MeteoraAG. Fees have now been dropped.”

Nevertheless, her defense did not resonate well with skeptics. Many quickly highlighted discrepancies in her statements, with one user mockingly inquiring whether Welch was just “copy-pasting” responses from her developers. Additionally, there were allegations of insider trading, with comments such as:

  • “Snipers made $3M on your scam, and insiders have started selling.”
  • “Hailey, you are most likely going to prison.”

Is legal action forthcoming?

Despite Welch’s assertions of innocence, the aftermath of her coin’s launch points to challenging times ahead. With escalating fraud allegations and increasing demands for legal accountability, her moment of fame might soon transform into infamy.

As observers from the cryptocurrency community keep a close eye, the pressing question remains: is this the start of Welch’s downfall, or can she redeem her image? Currently, her prospects—both as an influencer and meme coin developer—hang in uncertainty.

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