Truth about Hawk Tuah girl’s cryptocurrency project revealed.
Haliey Welch, better known as the viral sensation Hawk Tuah Girl, is now at the center of a major cryptocurrency controversy.
Hawk Tuah girl’s rise to fame highlighted.
Haliey Welch rose to fame earlier this year with her unapologetic comments on social media.
Her candid approach and viral videos made her an internet sensation, and soon, she was making waves beyond the world of memes.
Hailey’s cryptocurrency project explained.
Just weeks ago, Hailey promised her fans a new financial opportunity.
In August, Haliey jumped into the cryptocurrency world, unveiling her own token, $HAWK.
The project caught the attention of her loyal fanbase, many of whom were eager to back her latest venture.
$HAWK was initially seen as an exciting experiment in bringing Web2 fans into the world of Web3.
The premise seemed solid enough: a fun and culturally relevant way to bridge the gap between mainstream internet culture and cryptocurrency.
This exciting venture turned into a devastating experience for her followers.
The downfall of $HAWK unraveled.
Within just an hour of its launch, the value of $HAWK plummeted, leaving many investors scrambling to salvage their money.
Cryptocurrency experts quickly labeled the event a “rug pull,” a term used for situations where quick profits are made at the expense of investors.
The coin, which had peaked at an impressive $490 million, saw its value crash to a mere $41 million.
As a result, fans who had eagerly invested in $HAWK found themselves losing substantial amounts of cash.
Some lost everything they put in, leading to widespread outrage from the online community.
As anger brewed, Haliey’s team was thrust into the spotlight, and questions arose about whether they were responsible for the sharp decline.
Legal action has already been considered, with many wondering if there’s a case for investors to file a lawsuit against the viral star.
According to sources, the rapid rise and fall of $HAWK was orchestrated by “snipers,” who took advantage of the volatility for massive gains.
These so-called snipers quickly bought up the coin when it was priced low and then flipped it for quick profits, causing its value to crash.
Haliey’s team insists they took steps to prevent this, but their efforts ultimately proved insufficient to control the chaos.
The truth about Hailey’s cryptocurrency scandal unveiled.
Haliey’s team, overHere, recently spoke out to clarify the situation.
On December 16, the team released a statement on Twitter explaining the vision behind $HAWK and what went wrong.
“We Only Built Airdrop Tech for Web2 Fans, for Free,” the statement began, attempting to highlight their original intentions.
According to overHere, they saw $HAWK as the perfect way to introduce casual internet users to the world of cryptocurrency.
“Our goal was simple: bring Web2 fans into Web3 seamlessly,” the team explained.
The project was meant to be a free and easy way for fans to dip their toes into crypto, using a meme-based currency as a gateway.
But things didn’t go as planned. According to overHere, their idealistic vision clashed with the realities of the cryptocurrency market.
“We pushed harder and harder, perhaps through rose-tinted glasses and naivety about others’ intentions,” they admitted.
As the project faltered, “community sentiment shifted,” and the once-promising coin began to lose its initial charm.
Whose really to blame for cryptocurrency nightmare exposed.
The blame, according to overHere, ultimately falls on a figure known as “Doc Hollywood,” who allegedly controlled key decisions about the coin.
OverHere claims that Doc Hollywood controlled the token’s fees, treasury, and all major decisions—without any transparency to the public.
However, Alexander Larson Shultz, a team member nicknamed “Doc Hollywood,” denies these accusations, calling them “false” in a statement to IBT.
Fans and critics alike are watching closely to see how the story unfolds—and whether there will be any consequences for the viral star behind it all.