Haliey Welch (Photos via Getty Images & @FearedBuck/X)
The “Hawk Tuah” Girl, Haliey Welch, has come under fire after launching a meme coin that crashed almost instantly after soaring to $490 million.
Welch’s Hawk Tuah coin (HAWK) suffered a pump-and-dump, dropping by almost 90 percent after reaching a peak market capitalization of the aforementioned amount. The coin launched at 5:00 p.m. ET on Wednesday and dropped to $36.6 million in less than three hours.
Data from various sources determined that, at launch, insider wallets and snipers controlled around 80-90 percent of the coin’s supply.
Hawk is live!!!
HAWKThXRcNL9ZGZKqgUXLm4W8tnRZ7U6MVdEepSutj34 pic.twitter.com/9GFgYwpeFA
— Haliey Welch (@HalieyWelchX) December 4, 2024
🚨🚨WARNING🚨🚨$HAWK token insiders kept over 97% of the supply and are actively selling!!! pic.twitter.com/KhfXwvQDwV
— Beanie (@beaniemaxi) December 4, 2024
For her part, Haliey has denied involvement in insider sales, insisting her team hasn’t sold any tokens, and no influencers got any HAWK coins for free.
“Team hasn’t sold one token and not 1 KOL was given 1 free token,” she wrote in a post. “We tried to stop snipers as best we could through high fee’s in the start of launch on Meteora.”
One source, Solscan, showed that one wallet grabbed 17.5 percent of the coin’s total supply just seconds after launch. The wallet bought the coin for 4,195 Wrapped Solana (WSOL), which is valued at $993,000, and sold 135.8 HAWK tokens at a profit of $1.3 million.
I’m down around $20,000 right now on the $HAWK token
I really hope that @HalieyWelchX can provide us with some roadmap updates or something
I for one am completely shocked and surprised by the way this turned out
please send help asap
pic.twitter.com/iUUMhWW87F— AshRobin 🐶 (@ashrobinqt) December 4, 2024
Experts Think Haliey Welch Might Be In Trouble
Some market experts reckon Haliey and her team could be in real trouble as multiple social media users have revealed having launched an official complaint with the SEC. Law firms have also started advertising their services to folks who lost money on the coin.
One such firm is Burwick Law, which has asked anyone who took on losses to reach out.
“If you lost money on $HAWK, contact our firm to learn about your legal rights,” they posted.
This could get really interesting.
REPORT: Jeff Bezos Emerges As The New Favorite To Purchase One Of The NFL’s Most Valuable Franchises
Clark Hunt, Jeff Bezos and Dean Spanos (Photo by Jamie Squire/Getty Images)
Amazon founder Jeff Bezos has emerged as the new front-runner to purchase one of the NFL’s most valuable franchises.
You may recall that Jeff Bezos had interest in purchasing the Washington Commanders from Dan Snyder, but they wound up selling the franchise to the Josh Harris-led group for $6.05 billion.
There have also been rumors about Bezos potentially buying the Seattle Seahawks. Since Paul Allen’s passing in 2018, the team has been run by his sister, Jody Allen.
Speculation is growing about New York Jets owner Woody Johnson potentially selling the team as the Jets finish out another disastrous season. The Jets entered 2024 with Super Bowl expectations, but Aaron Rodgers and company have been a giant disappointment with a 3-8 record.
According to Bovada, Jeff Bezos is now the betting favorite to purchase the Jets from Johnson and take over as their next owner. Johnson has owned the football organization since 2000.
