‘Hawk Tuah’ Influencer Breaks Silence After Memecoin Rig-Pull

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Hailey Welch, the influencer behind the viral ‘Hawk Tuah’ TikTok video, has released a statement after a memecoin bearing her handle pumped and dumped quickly after its December launch.

In a Dec. 20 X post, Welch said she was “fully cooperating” with lawyers who represented investors in the Hawk Tuah (HAWK) token.

The crypto users filed a lawsuit against the project’s creators and partners – Welch herself was not named as a defendant in the suit – alleging they engaged in the promotion and sale of an unregistered securities offering.

A statement posted to X on Dec. 20. Source: Hailey Welch

On Dec. 4, the HAWK token launched, rising to a market capitalization of roughly $500 million before quickly dropping by 90%, prompting many users to speculate there had been a rug pull. […]

— Read More: www.zerohedge.com

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