Hailey Welch, known as the Hawk Tuah Girl, responds after the $HAWK meme coin’s dramatic crash, which caused massive investor losses. She addresses the legal battle and promises full cooperation in uncovering the truth.
Social media influencer and Hawk Tuah Girl, Hailey Welch has finally broken her silence on the dramatic collapse of her memecoin, $HAWK.The 22-year-old made his statements through social media after weeks kept behind closed doors. The meme coin was introduced on 4 December 2024, which later broke catastrophically to cost investors their money in hard cash. That is the reason there is a lawsuit.
$HAWK’s Sudden Crash: Timeline of Events
$HAWK was a very highly anticipated launch, as Welch and her team had hopes of making a significant hit in the crypto world. Initially, the coin hit a remarkable $500 million market value on the Solana blockchain. Just 20 minutes after the launch, the value of the coin dropped to $60, which is something that shocked most of the investors.
This is such a dramatic collapse that some investors reported that they had lost all of their “whole life savings.” One of the investors, among those who followed Welch through social media, accused Welch and her team of perpetrating “rug pull,” a slang used for the act of developers or owners running off with investors’ funds for a cryptocurrency project.
Litigation and Legal Consequences
In the aftermath of the crash, on December 20, 2024, a case was filed in New York District Court. OverHere Ltd., its founder Clinton So, social media influencer Alez Larson Schultz, and the Tuah The Moon Foundation were fraudulently selling Welch’s memecoin. Welch is not one of the defendants in the lawsuit, but her involvement in the project has thrust her into the controversy.
Welch, amidst the legal mayhem, resorted to social media to vent out her complaints and promise to fix the issue. In her statement, she said that she was taking the situation “extremely seriously” and would do everything possible to assist those affected by the accident.
Statement of Hailey Welch: A Call for Cooperation
Welch turned to X, formerly Twitter, where she posted an apology and described herself as “terribly sorry.” She stated that she would like to be more open about how she addresses the issue. “I take this situation extremely seriously and want to address my fans, the investors who have been affected, and the broader community,” she wrote.
She assured the public that she was fully cooperating with the legal team representing the affected investors. Welch also provided a complaint link for anyone who experienced losses related to the memecoin. She ended with a message promising to help seek the truth, bring those liable to book, and close the case.
Mark Cuban Defends Hailey Welch
Amid the growing backlash, billionaire investor Mark Cuban voiced his support for Welch claiming that it is not entirely to blame. According to him, who had discussed the matter with Welch, she didn’t know the depth of it. “She did trust those around her, and the bad outcome was not due to any wrongdoing on her part,” he added. Cuban’s comments have brought sympathy to Welch, who has been under much public scrutiny since the crash.
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Conclusion: Hailey Welch’s public statement is a critical moment in the aftermath of the $HAWK memecoin’s disastrous collapse. Although the legal proceedings are still ongoing, the involvement of major players like Mark Cuban and the extensive media coverage of the case will likely influence the direction of the lawsuit. At this moment in time, it remains not clear if Welch is ever going to be charged with some crimes, but her cooperating and working with the investigators on the case may help cut part of the damage. Meanwhile, the $HAWK drama is a cautionary tale in the world of volatile cryptocurrency, specifically because of celebrity-driven project risks.
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