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Hawk Tuah Influencer Says Memecoin Collapse Left Her Traumatized, But Critics Push Back

Hawk Tuah influencer Hailey Welsh says the collapse of the HAWK memecoin in December 2024 left her traumatized. The token surged to a $490 million market cap before crashing over 90% the next day. Welsh claims she was only a promoter, received no profits, and faced death threats after the incident. She was cleared by an FBI investigation and excluded from an investor lawsuit targeting the token’s creators. Despite warnings from the crypto community, she launched the token without fully understanding the risks. Welsh now advises others to avoid crypto entirely. Estimated losses from the failed launch are around $200,000.

bitcoinist03/23 06:01