Haliey Welch’s foray into cryptocurrency, initially met with hype, has become mired in controversy, with accusations of involvement in a crypto scam.
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2024 saw the birth of the “celebrity memecoin meta” with multiple public figures cashing in on their fame to launch memecoins, though many quickly fizzled out not long after launch.
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A memecoin bearing Hailey Welch’s likeness rose to a market capitalization of roughly $500 million after its launch on Dec. 4 before dropping by 90%.
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“The HAWK Token exhibits all the characteristics of an unregistered security under established legal precedent,” litigants claimed.
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YouTube investigator Coffeezilla has called for an end to the spread of misinformation about viral influencer Hailey Welch’s recent controversial memecoin launch, HAWK.
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Haliey Welch’s memecoin “HAWK” has plunged 90% since launch, though Welch has denied any insider sales from herself or her team.
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