THE Girl Tuah Falcon Hailey Welch, who rose to fame through her podcast, has now launched her coin on the blockchain called $HAWK. Upon its launch, the cryptocurrency gained popularity, but it collapsed shortly after capitalizing $500 million. The Solana-based coin was launched by the influencer in a bid to connect with her fans. However, the subsequent crash sparked multiple charges against her for fraud and rug-pulling fraud.
The launch
Hailey Welch launched her memecoin on December 4 and it immediately hit an all-time high of $0.00004028 and immediately capitalized $500 million, but it suddenly collapsed after increasing 90% of its value.
Many lost their money in the Bitcoin crash and quickly reported their failure and a few even threatened legal action against Welch and his team for fraud. Meme Count investors and other Bitcoin members pointed out that the token’s launch was suspicious activity and that the social influencer used data-fueled market manipulation to show a 96% surge while the percentage of its coin had actually fallen by 79%.
Welch denies the allegations
Investors claim Hawk Tuah Girl stole $2 million from them. However, in response to the claims and allegations, Welch and his team asked X to clear and deny the accusation stating: “The team did not sell a single token, nor did any KOL receive any free token. » She claimed that only 10% of the supply was also allocated to her team with a 12-month lock-in and a 3-year vesting period.
Insider trading
Now, crypto journalist Coffeezilla has accused daughter Hawk Tuah of insider trading after the coin’s collapse. She called it a scam and during a live session on first day thanks to your strategic allocation Are you crazy? What exactly do you think will happen when your insiders receive their tokens? seven percent while you give a small piece of the pie to the public? Damn, this is the worst tokenomics I’ve ever seen and it’s a scam Tokenomics is a scam, that’s my opinion.
Reaction on social networks
Internet users are very unhappy with this scam and everyone says that it is a fraudulent act committed by Hailey Welch. One comment read: “Hawk tuah scammed me and now I’m homeless. I tried to tell my banker but they laughed at me.” Another said: “My grandmother was tricked into buying the Hawk Tuah girl meme coin. The meme coin crashed. My grandmother lost $85,000 which was all that was left of her savings, just because that dirty Hawk Tuah Wh* endured it all Burn in hell, you crook.” “Want to steal $50 million? Well, girl Hawk Tuah did it. She flipped a coin, flipped it, then shamelessly fell asleep like nothing happened. Here’s how Hawk Tuah stole $50 million from his fans,” wrote another. Another said: “When the Hawk girl Tuah announced she would be flipping a coin, I really thought this would be my chance to win millions. I convinced my parents to take out a second mortgage on the house, liquidated all my assets, took out a 6 figure loan from the bank, then put it all on $tuah the second he was released. For the first 20 minutes, I was in a state of literal euphoria. And then everything fell apart. In a matter of minutes, I lost everything, tens of millions reduced to tens of thousands. I’m still in shock.