Hawk Tuah girl addresses botched meme launch

Haliey Welch, popularly known as the “Hawk Tuah girl,” finally resurfaced two weeks after her Solana meme coin crashed 95% minutes after launch. After 333 hours of sleep, Welch took to X to announce her cooperation with a U.S. federal lawsuit seeking legal recourse for 12 American residents impacted by the failed Hawk Tuah meme coin. Welch released a social media statement less than 24 hours after legal firm Burwick Law filed the suit on Dec. 19. This marks the first time Welch has spoken publicly since Dec. 5. I take this situation extremely seriously and want to address my fans, the investors who have been affected, and the broader community. I am fully cooperating with and am committed to assisting the legal team representing the individuals impacted, as well as to help uncover the truth, hold the responsible parties accountable, and resolve this matter. Haliey Welch on Hawk Tuah meme coin You might also like: Hawk Tuah Hailey Welch sued over $50m meme coin debacle Per crypto.news, crypto-centric Burwick Law filed a lawsuit on behalf of plaintiffs allegedly affected by the Hawk Tuah meme token launched by Welch and her team. Court documents state that 12 individuals collectively lost approximately $150,000 investing in the celebrity meme coin. Hawk Tuah surged to a $500 million market cap shortly after its Solana (SOL) debut before plummeting by over 95% to a $50 million market cap. Welch, the public face of the token, claimed she and her team had not sold a single token. However, data from Bubblemaps challenged her statement, revealing that insiders controlled 96% of the token’s supply. X community notes on at least three of Welch’s tweets also highlighted evidence suggesting that insiders were gradually dumping tokens on buyers. Welch and her team went silent for over two weeks, likely overwhelmed by angry investors demanding answers and accusing the project of being an exit scam. Welch allegedly pocketed $50 million from the project. Copy and pasting: Hawkanomics: Team hasn’t sold one token and not 1 KOL was given 1 free token We tried to stop snipers as best we could through high fee’s in the start of launch on @MeteoraAG Fee’s have now been dropped pic.twitter.com/E7xN9VmCrx — Haliey Welch (@HalieyWelchX) December 4, 2024 Read more: Bitcoin’s sub-$100k fall triggered $1.4b in liquidations