Influencer Haliey Welch Faces Backlash Over $HAWK Crypto Collapse

The 'Hawk Tuah Girl' is accused of involvement in a suspected rug pull after her meme coin lost 95% of its value within hours of launch.

Haliey Welch, known as the 'Hawk Tuah Girl,' launched the $HAWK cryptocurrency, which initially reached a $500 million market cap before plummeting by 95% within hours.
Critics allege the coin's collapse was due to a rug pull, with blockchain data showing 96% of $HAWK tokens were concentrated in a small group of wallets before the public launch.
Welch and her team have denied selling tokens and blamed the crash on early investors and 'snipers' offloading their holdings for profit, though skepticism remains high.
YouTuber Coffeezilla confronted Welch and her team during an X Spaces session, labeling the launch a 'scam' and highlighting insider profits and high transaction fees tied to the project.
Investors are reportedly preparing legal action, and the Securities and Exchange Commission has received complaints, while Welch's reputation faces significant damage.