Hawk Tuah Girl Haliey Welch is accused of scamming her fans after her memecoin crashed.

Hawk Tuah girl Hailey Welch is facing massive backlash as investors take legal action against her after his $Hawk memecoin crashed shortly after launch, wiping out nearly half a billion dollars of investor funds. Her fans said it was a prime example of the pump-and-dump scheme, where her team bought tokens, went on a buying spree because she had a huge following due to her viral “hawk-tuah” comment, and the Token then sold.
$HAWK was launched on the blockchain platform Solana. The coin’s value exploded by 900 percent in initial trading on Wednesday, bringing $HAWK’s market cap to nearly half a billion dollars. Then the price collapsed by 95 percent.
According to blockchain data analyst Bubblemaps, as of Wednesday afternoon, 96 percent of $HAWK was concentrated in a cluster of related wallets, indicating a high level of coordination in these transactions.
Welch denied any wrongdoing and she and her team even appeared at an audio event at X Spaces. But they were cornered by several investors who denounced the fraud and said they would file a lawsuit against Hailey Welch for defrauding her fans. Many YouTubers explained how the Hawk Tuah girl actually scammed her fans who are new to cryptocurrencies. Hailey Welch’s lawyer said she didn’t intend to trick fans.
Crypto investigator Stephen Findeisen revealed that Hailey Welch received an advance of $125,000 from an unnamed company to market the token and was set to receive 50 percent of the net proceeds from that company after third-party expenses and costs the development and introduction had been covered.
“This is one of the most miserable and terrible starts I have ever seen in my life,” said Findeisen, who runs the popular YouTube channel Coffeezilla. “They sold 17% of the tokens to insiders who had no lock-up period, while only releasing 3% to the public for trading.”