In the volatile world of cryptocurrency, meme coins are often a double-edged sword, promising astronomical gains but frequently delivering crushing losses. The recent controversy surrounding Haley Welch’s Hawk Meme Coin (HWK) has left the crypto community reeling, as allegations of insider trading and a “pump-and-dump” scheme surfaced. Investigative YouTuber Coffeezilla has brought the scandal to light, exposing the troubling realities behind the project.
What is Hawk Meme Coin?
Hawk Meme Coin, a project spearheaded by social media influencer Haley Welch, was launched with significant fanfare. Promoted on her social media accounts, the coin quickly gained traction, with fans and investors rushing to buy in. At its peak, Hawk Coin achieved a $500 million market cap, attracting attention from the broader crypto community.
However, within minutes of its launch, the value of the coin plummeted to just $60 million, leaving investors in financial ruin and sparking widespread accusations of a rug pull.
The Allegations Against Haley Welch: Control Over Supply and Insider Profits
Coffeezilla’s investigation revealed that Haley Welch and her team allegedly owned 97% of the coin’s supply at launch. This monopoly over the token allowed them to manipulate its price, cashing out substantial profits while leaving retail investors with near-worthless tokens.
One fan reported investing $1.4 million, only to see their investment reduced to $46,000 within hours. Another individual lost $35,000 in just 10 minutes, underscoring the devastating impact of the scheme.
Insider Trading and Poor Tokenomics
Coffeezilla traced on-chain transactions and identified potential insider trading linked directly to the creator account. He described the project’s tokenomics as the “worst” he had ever seen, pointing to the team’s decision to unlock 177% of the token allocation on day one. This strategy, combined with insider token dumps, created a market collapse that many believe was premeditated.
Coffeezilla’s Confrontation with Haley Welch
Known for his relentless exposure of crypto scams, Coffeezilla took his investigation a step further by confronting Welch and her team during a live session on X previously known as Twitter. His pointed questions and insistence on transparency left Welch’s team struggling for answers.
Statements by Coffeezilla
• “This is one of the most miserable, horrible launches I’ve ever seen in my life.”
• “Y’all made millions on fees from this little scheme while your fans got rug-pulled.”
• “The tokenomics are a scam. That’s my opinion, and it screams guilty.”
Despite his persistence, Welch’s team failed to provide clear explanations, instead deflecting blame and attempting to justify the project’s structure. Their evasive responses only fueled public suspicion.
The Fans Demand Accountability and Try to Talk Tuah
The backlash against Haley Welch has been swift and severe. Fans who invested their life savings have taken to social media to voice their outrage. Some are threatening legal action, while others demand refunds and public accountability.
One notable tweet from a fan read:
“Hi Haley Welch, my $35,000 investment in Hawk is now worth $2,000 after 10 minutes. You didn’t mention you would buy 97% of the supply and sell it immediately for profit. Please help me, or I will be forced to take legal action.”
This sentiment is echoed across platforms, as trust in Welch’s brand erodes rapidly.
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