Hawk Tuah girl addresses botched meme launch

Haliey Welch, popularly known as the “Hawk Tuah girl,” has finally resurfaced two weeks after the Solana meme coin crashed 95% within minutes of its launch.

After 333 hours of sleep, Welch went to X to announce his collaboration with a US federal lawsuit seeking legal recourse for 12 Americans affected by the failed Hawk Tuah meme coin.

Welch released a social media statement less than 24 hours after his law firm, Burwick Law, filed the lawsuit on Dec. 19. This marks the first time Welch has spoken publicly since December 5.

I take this situation extremely seriously and would like to appeal to my fans, affected investors and the wider community. I am fully cooperating with the legal team representing the affected individuals and, in addition to assisting them, I am committed to helping uncover the truth, hold responsible parties accountable, and resolve this matter.

Haliey Welch on Hawk Tuah meme money

According to crypto.news, crypto-centric Burwick Law filed the lawsuit on behalf of plaintiffs allegedly affected by the Hawk Tuah meme token launched by Welch and his team.

Court documents state that 12 people collectively lost nearly $150,000 by investing in the famous meme coin. Hawk Tuah rose to a market cap of $500 million shortly after the launch of Solana (SOL) and then fell to a market cap of $50 million, a decline of over 95%.

Welch, the public face of the token, claimed that he and his team did not sell a single token. However, data from Bubblemaps contradicted his statement and revealed that insiders control 96% of the token supply.

X community notes on at least three of Welch’s tweets also highlighted evidence that insiders were slowly pouring tokens to recipients. Welch and his team remained silent for more than two weeks; was probably overwhelmed by angry investors demanding answers and accusing the project of an exit scam. Welch allegedly pocketed $50 million from the project.

Copy and paste:

Hawkanomic:

The team did not sell a token and 1 KOL was not given 1 free coin

At the beginning of the launch, we tried to stop snipers as much as we could with high fees. @MeteoraAG

Fees have now been reduced pic.twitter.com/E7xN9VmCrx

— Haliey Welch (@HalieyWelchX) December 4, 2024