Hawk Tuah Girl Faces Backlash Amid Calls for Jail as Fans Report Losing Life Savings on Her Cryptocurrency Scheme

Hawk Tuah Girl Responds to Cryptocurrency Backlash

Source: UNILAD

Crypto Launch and Immediate Fallout

• Haliey Welch, known as the "Hawk Tuah Girl," launched her own cryptocurrency, $HAWK.
• Within 20 minutes, the coin's value dropped from $490 million to just $41 million, causing significant financial losses for investors.
• Investors have accused Welch of executing a "rug pull," a term used when cryptocurrency creators sell off their holdings, causing prices to crash.

Defensive Claims from Haliey Welch

• Welch conducted a live stream to address the allegations, claiming her team did not sell any tokens and attempted to prevent early sell-offs.
• She stated, "The team hasn’t sold one token and not 1 KOL was given 1 free token," asserting that high initial fees were meant to deter quick sell-offs.

Investor Reactions and Criticism

• Viewers contested her claims, alleging that members of her team began selling tokens immediately after launch.
• Critics, including online investigator Stephen 'Coffeezilla', highlighted the contradiction between Welch's statements and transaction records, suggesting possible insider trading.
• Fans voiced their frustrations on social media, with one claiming to have lost $33,000 from their life savings and children’s college fund.

Final Thoughts on the Incident

• The incident raises alarms about cryptocurrency investments and influencer accountability.
• The ongoing backlash could impact Welch's reputation and future ventures in both the celebrity and crypto spheres.