#hawktuah
HAWAK TUAK MEMECOIN DUMPS 90% AMID
BACKLASH OVER CONTROVERSIAL LAUNCH
Haliey Welch, widely recognized as the "Hawk Tuah" girl, has publicly addressed the controversy surrounding the $HAWK cryptocurrency project. In a recent podcast episode, Welch became emotional as she discussed the unexpected collapse of the $HAWK token, which saw its market capitalization plummet from nearly $500 million to $25 million. Investors have accused Welch and her team of orchestrating a "rug-pull" scam and engaging in insider trading. Welch denied these allegations, stating that the coin was intended to raise funds for her animal charity, Paws Across America. She expressed remorse for the investors affected and announced plans to donate proceeds from the podcast episode to animals impacted by recent wildfires. Welch emphasized her commitment to transparency and her intention to assist those harmed by the project's failure.
Previously, Welch had released a statement expressing her commitment to assisting those affected by the coin's failure. She stated, "I take this situation extremely seriously and want to address my fans, the investors who have been affected, and the broader community." Welch also mentioned her full cooperation with the legal team representing the impacted individuals to uncover the truth and hold the responsible parties accountable.
The $HAWK token, launched on the Solana blockchain, experienced a rapid rise to a market capitalization of nearly $500 million before crashing by over 90%. This sudden decline led to allegations of a "pump-and-dump" scheme, with some investors filing complaints with the U.S. Securities and Exchange Commission. Welch and her team have denied any wrongdoing, asserting that they did not sell any tokens during the launch and that no key opinion leaders were given free tokens.
Welch's recent statements and actions indicate her desire to make amends and support those affected by the failed cryptocurrency project.
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