What We Know About ‘Hawk Tuah Girl’ Hailey Welch’s Crypto Scandal So Far?

Hailey Welch’s crypto scandal is lighting up the internet. Known as the “Hawk Tuah Girl” after her viral meme moment outside a nightclub, Welch went from an internet sensation to a controversial figure in the crypto world.

Her latest venture, a memecoin called Hawkcoin, has faced a storm of accusations, including pump-and-dump schemes and insider trading.

Welch Went From Meme Queen to Crypto Creator in No Time

Hailey Welch’s rise to fame started with a single moment: a cheeky, meme-worthy phrase that went viral. The 22-year-old parlayed her instant notoriety into a full-fledged social media career. She launched a podcast, appeared at festivals, and became a staple of internet culture.

Welch / IG / Welch’s latest move was Hawkcoin, a cryptocurrency trading under the symbol $HAWK.

Riding the memecoin hype, Hawkcoin initially soared, reaching a market value of $490 million shortly after its December 4 launch. However, the high didn’t last. Within days, the value plummeted to just $26.4 million. And that sparked outrage and suspicion among investors.

What are the Accusations Behind Hailey Welch’s Crypto Scandal?

The backlash against Hailey Welch’s crypto scandal hit hard when investors noticed irregularities in Hawkcoin’s trading patterns. Critics began accusing the project of being a pump-and-dump scheme, where early insiders artificially inflate the value before cashing out.

The fallout led to a wave of social media posts, legal inquiries, and skepticism around Welch’s role in the coin’s dramatic rise and fall.

Data from crypto analytics platforms Bubblemaps and Dexscreener revealed that 80–90% of $HAWK’s initial supply was controlled by a small group of insider wallets and “snipers.” Snipers, in crypto parlance, are entities that swoop in at launch to buy up massive amounts of a token before quickly selling for profit.

One sniper reportedly purchased 17.5% of Hawkcoin’s supply seconds after its launch, turning a $993,000 investment into a $1.3 million profit. The numbers only fueled suspicions!

What is the ‘Hawk Tuah Girl’s’ Response to the Scandal?

As the noise around Hailey Welch’s crypto scandal grew louder, Welch took to social media to address the accusations. Initially, she denied any wrongdoing, posting defiant messages that dismissed the backlash as baseless.

But as legal pressure mounted, Welch shifted her tone, issuing a more serious statement.

Welch / IG / In her most recent post, Welch said she is cooperating fully with lawyers to address the situation.

“I take this situation extremely seriously and want to address my fans, the investors who have been affected, and the broader community,” she wrote on X.

Legal Fallout and Investor Frustration

The legal side of Hailey Welch’s crypto scandal is unfolding rapidly. Earlier this month, the law firm Burwick Law made a public appeal for individuals impacted by Hawkcoin to come forward. This has only added to the pressure on Welch to provide transparency about her involvement in the coin’s launch and operations.

Investors, many of whom bought into Hawkcoin at its peak, have expressed frustration and anger over their losses. Social media is filled with stories of people who feel duped by the hype surrounding the coin. Welch’s viral fame may have attracted attention to the memecoin, but it also amplified the backlash when things went south.

What Does the Scandal Mean for Memecoins?

Hailey Welch’s crypto scandal is a cautionary tale for the volatile world of memecoins. Unlike established cryptocurrencies like Bitcoin or Ethereum, memecoins often lack the underlying value or utility to sustain long-term growth.

Their appeal lies in their viral potential. But that same hype can lead to devastating losses for unsuspecting investors.

Hawkcoin’s rise and fall exemplifies this pattern. The initial buzz drove its market cap to impressive heights, but the lack of transparency and concentration of ownership quickly became its undoing. Welch’s celebrity status may have drawn investors in, but it couldn’t shield the coin from the scrutiny that followed.