TL;DR: Hailey Welch, aka the "Hawk Tuah" girl, launched a memecoin that hit a $500M market cap before crashing 95% in 20 minutes. After denying wrongdoing, she shamelessly logged off, leaving investors furious and law firms eager to sue.
Crypto degens, meet the latest addition to the rogues’ gallery of celebrity rug-pullers: Hailey Welch, aka the "Hawk Tuah" girl. Known for her viral stunts, collabs with celebs, and the massively popular Talk Tuah podcast (ranked 5th globally), she decided to dabble in the degenerate world of memecoins. The result? Chaos, heartbreak, and lawsuits.
The Rise and Fall of $HAWK
Welch's memecoin, $HAWK, soared to a $500 million market cap in record time. Degens flooded in, thinking they were early to the next big thing. But within 20 minutes, the dream turned into a nightmare. The token crashed 95%, plummeting to a mere $25 million market cap. That’s $475 million wiped out faster than you can say, “Hawk Tuah!”
The Tokenomics Excuse
As panic set in, Welch posted the tokenomics, claiming the team didn’t sell a single token. Nice try, Hailey. Bubblemaps told a different story, revealing that 96% of the supply was controlled by a single cluster of wallets. Of the 285 presale participants, 89 wallets sold their entire stash the moment trading began, nuking the coin.
Coffeezilla Smells a Scam
Enter Coffeezilla, YouTube’s scam exposer extraordinaire. Smelling rug-pull fumes from miles away, he jumped into a Twitter space to confront Welch and her team. When asked about insider trading and profits, they denied everything. Classic. Welch, apparently tired from all the scamming—or, sorry, “launching a coin”—abruptly left the space, leaving her victims and critics fuming.
The Aftermath
This rug isn’t just another meme—it's personal for the thousands who lost big. Calls for Welch to face jail time are growing louder, with law firms circling like vultures, ready to pounce. Her reputation? Shattered. The "Hawk Tuah" girl might’ve been the queen of virality, but in the crypto world, she’s now just another cautionary tale.
Crypto is no stranger to celebrity drama, but this rug-pull might be the most brazen yet. Welch’s audacity to rug millions and then log off like nothing happened? Peak degeneracy. Degens, remember: not all meme magic ends in profit. Sometimes, it ends with your wallet crying for help.