Haliey Welch’s team has shared their side of the story after fans lost large amounts of money on her cryptocurrency project.
Haliey, known as the “Hawk Tuah Girl,” became famous after a viral interview where she made a cheeky comment about what drives a man wild. Since then, she has gained attention as a podcast host. However, her venture into cryptocurrency hasn’t gone as planned.
In 2024, Haliey launched a meme coin, $HAWK, hoping to connect with her online followers. Meme coins are a popular yet unpredictable part of the cryptocurrency world. At first, $HAWK’s value soared, reaching a market cap of $490 million just hours after its launch.
But the excitement quickly turned into disappointment. Within three hours, the coin’s value fell by 91%, as reported by CoinTelegraph. This massive crash led to accusations that Haliey was behind a “rug pull” — a scam where developers abandon the project after raising funds, leaving investors with worthless tokens.
Many fans took to social media, claiming they lost life savings and calling for legal action. Haliey denied any wrongdoing, saying her team tried to prevent these losses. She wrote on social media, “We tried to stop snipers as best we could through high fees in the start of launch.”
Haliey’s $HAWK platform, overHere, released a statement on December 16. They explained that the project aimed to introduce traditional internet users (Web2) to the world of cryptocurrency (Web3) through culture, not speculation. The team admitted that they pushed too hard and were overly optimistic about the project’s success.
They also pointed to changes made by an individual named “Doc Hollywood”, who allegedly controlled key aspects of the project, like token decisions and fees. They claimed that these changes contributed to the project’s downfall. However, “Doc Hollywood” has denied these allegations, according to IBT.
