Expert explains how Hawk Tuah girl's fans were ‘scammed’ as they claim they ‘lost life savings’ after buying cryptocurrency
People in the cryptospace are raging after buying into the Hawk Tuah girl’s new coin and one expert has insisted she and her team have actively ‘scammed’ fans.
The Hawk Tuah sensation, real name Haliey Welch, has been enjoying her fame since shooting to viral notoriety earlier this year.
And just like everyone who goes viral, she looked to capitalize on it, but in doing so Welch has made quite a few fans unhappy.
She decided to hop into the cryptocurrency industry and debuted her own meme coin called $HAWK.
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The coin's value completely tanked within 20 minutes of its launch - plummeting from as much as $490 million to just $41 million, leaving fans out of pocket.
It has left investors claiming she carried out a rug pull, which is where creators of cryptocurrency sell off their stock leading to prices crashing and those who put money into it with coins worth next to nothing.
YouTube investigator Stephen 'Coffeezilla' decied to confront Welch and her team about the coin and has gone as far as to claim that they have ‘scammed’ people out of their money.
Speaking in a live stream to Welch and her team, he said: “This is one of the most miserable, horrible launches I’ve ever seen. I’ve been tracing it on the chain for a while. You guys generated over a million dollars in fees, while your fans got rug pulled. There were snipers, but there was also insider trading directly linked to y’all’s creator accounts.”
Now, in a YouTube video, he has broken down what he believes happened and reiterated his claim that they actively scammed people out of their money.
He said: “I want to break down the Hawk Tuah scam, I think people are confused with this kind of stuff.
“I want to start with this big tweet that kind of set it all off. That would be this tweet by Bubblemaps, which showed that 96 percent of the supply was controlled by the team and was being sent out to a bunch of smaller wallets.
“The implication being that some of them might be dumping on you.
“Pretty quickly the Hawk Tuah girl came in to copy and paste what her team told her to say which said ‘Team hasn’t sold one token and 1 KOL was given 1 free token, we tried to stop snipers as best we could through high fees at the start of the launch.’”
Coffeezilla went on to say that Welch’s team was ‘lying by omission’ when they say the team hasn’t sold one token because they allegedly ‘presold the tokens’.
He added: “They sold them to a bunch of investors with a presale and then those people were unlocked immediately upon launch.
“It is essentially a lie to say that her team didn’t sell tokens, well they presold them and then those investors then dumped on your fans, that is the problem.”
However, Welch has denied these accusations and has defended hers and her 'teams' actions during a live stream on Twitter.
"Hawkanomics: Team hasn’t sold one token and not 1 KOL was given 1 free token," she tweeted in a copy and pasted message.
"We tried to stop snipers as best we could through high fee’s in the start of launch on @MeteoraAG. Fee’s have now been dropped."
UNILAD have approached Haliey's reps for comment.
Topics: Cryptocurrency, Hawk Tuah girl, YouTube, Money, Viral
Gerrard Kaonga