Haliey Welch Faces Backlash Over Alleged Scam

A lot of people were eager to invest a significant amount of money in something called Hawk Tuah Coin last night. And in news that’s unlikely to astonish you, a lot of those people lost a considerable portion of that money. Let’s rewind a bit to examine how we got to this point.

Haliey Welch, the so-called “Hawk Tuah Girl,” became the unexpected viral sensation of the summer thanks to an off-hand remark she made to one of those YouTubers who interviews random people on the street. Haliey said “hawk tuah” (we’d explain that particular onomatopoeia, but this is a family site!), and a new meme was born. From there, she did the impossible and parlayed her moment of internet fame into an actual career. These days, she hosts a popular podcast and boasts 2.6 million followers on Instagram.

However, with her latest venture, she who once spat on that thang may have flown too close to the sun.

The Hawk Tuah Saga: A Tale of 15 Minutes

On Wednesday, Haliey launched $HAWK, a memecoin supported by the Solana blockchain platform. The new coin was heavily hyped in the days leading up to its release, and things got off to a promising start, with an initial surge of a whopping $500 million. But within just 20 minutes, Hawk Tuah Coin had plummeted to a mere $60 million, according to Bitcoinist.

This rapid decline has left many investors reeling, and it could spell trouble for Haliey, who now faces a growing chorus of very angry crypto enthusiasts demanding answers. The initial excitement surrounding the coin quickly turned into disappointment, as investors watched their hopes—and their money—evaporate almost as quickly as it had appeared.

Hawk Tuah Coin: What Is It, and Why Has It Pissed So Many People Off?

The launch of Hawk Tuah Coin was met with a mix of enthusiasm and skepticism. While memecoins have become a popular trend in the cryptocurrency world, they often come with a high level of risk. Investors were drawn in by the hype surrounding Haliey’s newfound fame and the potential for quick profits. However, the drastic drop in value shortly after launch has led many to question the legitimacy of the project.

Furious investors are now accusing Haliey of orchestrating a scam, with some even going so far as to demand that she be arrested. While that seems unlikely, the suspicions surrounding the coin’s launch are not without merit. Haliey took to X (formerly Twitter) to clarify the situation and absolve herself of blame by pointing out that no one on her team has profited from this situation. However, the community notes on her tweet pointed out that Haliey’s comments were not entirely accurate.

The Anti-Hawk Tuah Backlash: Divest From That Thang!

Critics have highlighted that Haliey’s “team” and insiders have been selling their tokens since the launch, raising questions about the transparency and integrity of the project. “A majority have never purchased anything and have only sold the tokens they were given. Haliey is lying and will likely have to ‘talk tuah’ judge about this,” the community notes read. This revelation has only fueled the anger of investors who feel misled and betrayed.

Despite the backlash, some crypto enthusiasts have managed to maintain their sense of humor about the situation. Memes and jokes about the Hawk Tuah Coin saga have flooded social media, showcasing the resilience of the online community even in the face of financial loss. As the story continues to unfold, many are left wondering what the future holds for Haliey Welch and her ill-fated memecoin.

We’ll have further updates on this developing story as new information becomes available. The world of cryptocurrency is notoriously unpredictable, and the saga of Hawk Tuah Coin serves as a cautionary tale for investors drawn in by the allure of quick riches and viral fame.