Haliey Welch Sued Over $HAWK Memecoin's 95% Crash, $151K Losses Alleged

Dec 19, 2024, 10:28 PM

Haliey Welch, known as the 'Hawk Tuah Girl,' is being sued by investors after the memecoin she promoted, $HAWK, crashed by over 95% on its launch day, causing losses totaling approximately $151,000. The coin, launched on the Solana network, had briefly reached a market capitalization of $490 million before plummeting. Investors allege that the token was unlawfully promoted and sold as an unregistered security. Welch had been silent for two weeks following the coin's collapse but has now issued a statement claiming she was a paid sponsor, not the creator, and is cooperating with legal authorities to help uncover the truth and hold the responsible parties accountable.