Even before ruling the crypto industry, memes have been ruling the internet. Most of the time, these memes are random, meaningless, and funny, which interests people. One such meme is about the Hawk Tuah Girl, who is popular on the internet and now in the crypto industry, but for controversial reasons. This strangely nicknamed girl is gaining a lot of hate for her involvement with the Hawk Coin, a Solana memecoin, and here is the whole story.
Who is The Hawk Tuah Girl, Hailey Welch?
Hailey Welch has become an internet sensation in the world of memes, which gained its name ‘Hawk Tuah Girl’ after her nine-second video clip from street interviews went viral. The clip became a viral meme in which she joked about giving a hawk Tuah and spitting on that thing during blowjobs, as she said ‘You gotta give ’em that hawk touch and spit on that thang.’ The clip went viral on all major social media platforms, making this commoner an internet sensation, which gave her the Hawk Tuah Girl tag. After gaining heavy popularity within six months, she now sells her merchandise with her quote, launched a podcast called Talk Tuah, a dating app, Pookie Tool, and much more.
Hailey Welch is just in her early 20s and is quite active on social media, where she has 2.6M followers on Instagram, 1.8M on TikTok, and 424.5k on X. She is famous for her ‘can-do-anything’ attitude, which has maintained her popularity and with that popularity, she stepped into the crypto industry and introduced the HAWK Memecoin, but things went downhill with this launch.
Rise of The Hawk Tuah Memecoin
At the beginning of December 2024, Hailey Welch launched a Solana memecoin called HAWK, which went super viral in the crypto industry, gaining a market capitalization of $500M within a few hours of launch. In a Fortune interview, Hawk Tuah Girl revealed that she launched the Hawk Tuah Memecoin to connect with her community. More importantly, she explained that this is “not just a cash grab” opportunity.
Hawk is live!!!
HAWKThXRcNL9ZGZKqgUXLm4W8tnRZ7U6MVdEepSutj34 pic.twitter.com/9GFgYwpeFA
— Haliey Welch (@HalieyWelchX) December 4, 2024
Moreover, her popularity and wish to change people’s mindset about cryptocurrency pushed the token to its ATH of $0.00004028 with a market capitalization of $500M. The news was all over the internet, where her followers were the main reason behind the pump of the HAWK Coin, but the same raised legal complaints about her.
Memecoin Scam & HAWK Coin Controversy
Impressively, the HAWK coin market cap grew to $490M but dropped to $60M within 20 minutes, and in the next three hours, the HAWK price dropped 91%, leaving investors in heavy losses. The way the Hawk Tuah Girl memecoin grew and crashed within a few hours brought the accusations of the memecoin scam or rug pull scam. One crypto trader lost $1.4M within 20 minutes, as he bought when the token was high but crashed within minutes. Another lost his life savings and his children’s college fees.
In this, a popular YouTube investigator, Coffeezilla, interacted with Hailey Welch and her team over an X live and concluded this as a scam. The Youtuber revealed that the Hawk Tuah memecoin had a presale, in which they had sold a large supply of the tokens, and the same buyers sold their tokens when the token reached high, leading to the memecoin crash.
Can yall stop these insane headlines.
She didn’t rug for 500M and she didn’t profit $50M. FFS.
1. The team presold a few million to “strategic advisors” who sold early.
2. The token got sniped.
3. LP made >$1m on 15% fees according to the meteora tracker. https://t.co/drp6RlGog0
— Coffeezilla (@coffeebreak_YT) December 6, 2024
More importantly, he called the tokenomics of the token a scam, highlighting that the team had made around $2.8M in profits from the high trading fees. Many similar analysts concluded the same, revealing how 96% of the Hawk Coin supply is in one cluster, and out of the 285 pre-buyers, 89 wallets sold all of their Hawk Tuah Girl’s memecoin, possibly leading to a crash.
HAWK Tuah Girl Denied The Insider Trading, Leaving Investors Helpless
Right after the accusations of the memecoin scam, HAWK Tuah Girl posted on her X that there is no insider trading and that not a single KOL received any free token. However, that failed to convince the investors who witnessed heavy selling right after the token launch. Hailey Welch and the team later went live and interacted with people, claiming that the snipers caused the Hawk Coin crash, and dismissed the allegation of insider trading.
However, the community is outraged with the incident, where analysts like Coffeezilla are still confronting the meme coin team for a possible rug pull scam. However, this is not the first time influencers have been involved in such allegations. Earlier, popular YouTuber Mr. Beast was accused of a crypto scam.
Final Thoughts
From a commoner to an internet sensation, Hailey Welch has accomplished a lot in six months of her street interviews, where she answered what makes a man go crazy. Her answer turned into a meme, bagging him millions of followers. With that popularity, she gained the Hawk Tuah Girl name and is now a successful influencer with multiple businesses. However, her recent involvement in cryptocurrency is gaining her hate and legal threats, where her newly launched Solana memecoin crashed within hours of launch. This left investors in heavy losses, but the analysts have sniffed the possibility of insider trading and rug pull of the HAWK coin.
The post Who’s the Hawk Tuah Girl and Why Is She Popular? appeared first on CoinGape.