Internet personality Haliey Welch, herself of meme fame, is facing backlash and serious accusations after the implosion of her HAWK memecoin.
According to a report from the BBC, the Talk Tuah host’s Solana (SOL)-based memecoin HAWK lost more than 95% of its value within hours after launch, prompting YouTuber Coffeezilla to accuse Welch of executing a pump-and-dump scheme.
A pump-and-dump scheme artificially inflates a coin’s value through hype or misinformation. Then, holders of that coin who bought the token cheap (or got it for free), sell those tokens at a high value, crashing the price.
In a copy-and-pasted statement on the social media platform X, Welch has denied any allegations of wrongdoing.
“Copy and pasting:
Hawkanomics:
Team hasn’t sold one token and not 1 KOL (key opinion leader) was given 1 free token
We tried to stop snipers as best we could through high fees in the start of launch on MeteoraAG
Fees have now been dropped”
However, according to a blockchain investigator and self-described “on-chain demon” who goes by the pseudonym Zeus, Welch’s claims ring untrue.
“The team hasn’t sold one token:”
In a conversation with Welch on The Matt Kohrs Show, Coffeezilla told the Talk Tuah host directly that her HAWK launch constituted “the worst tokenomics I have ever seen”, accusing Welch and her team of participating in i
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Author: Daniell Marlow
