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Recap of the Hawk Tuah Crypto Scam: From Viral Fame to Millions Lost in Minutes
In a wild twist that no one saw coming, Haliey Welch better known as the âHawk Tuah Girlâ from her viral 2024 street interview, became the face of one of the biggest crypto scandals of the year 2024. What started as a quirky catchphrase, âhawk tuah spit on that thang,â đđš turned into a meteoric rise with a podcast, brand deals, and a legion of fans. But her latest venture, the $HAWK memecoin, left those same fans reeling and their wallets empty.
Launched in December 2024, $HAWK promised to be a game changer in the crypto world, riding the wave of Welchâs internet stardom. It skyrocketed to a jaw dropping $490 million market cap in hours, fueled by hype and her loyal following. Then, in a gut punch to investors, it crashed hard. Within 20 minutes, the tokenâs value nosedived over 90%, plummeting to $41 million. Millions were lost, and whispers of a ârug pullâ spread like wildfire.
Crypto watchdogs like Coffeezilla called it out early, slamming the project as a scam targeting Welchâs inexperienced fanbase. Turns out, insiders held a massive chunk of the supply some say up to 96% and dumped it at the peak, pocketing millions while leaving everyday investors high and dry. One whale reportedly turned a $993,000 buy into a $1.3 million profit in hours. Meanwhile, fans cried foul, with some claiming they lost life savings.
Welch vanished from social media after the fallout, only resurfacing in a tearful podcast leak recently, saying she âfeels badâ and blaming a âfriend of a friendâ for the idea. But the damage was done. Lawsuits are piling up against the coinâs creators, though Welch herself isnât named yet.
From viral darling to crypto villain, the Hawk Tuah saga is a cautionary tale: fame doesnât guarantee fortune, and in the wild west of memecoins, trust can cost you everything. Spit on that scam, indeed.
