00:00Did the Hawk Tua girl just scam fans out of $50 million?
00:03My Hawk meme coin is live!
00:05After earning $2 million in 10 minutes,
00:07Hayley Welch is getting accused of scamming fans and participating in insider trading.
00:11And some people even want to see her in jail.
00:13The influencer-turned-crypto creator is facing intense backlash after her new meme coin,
00:18DollarHawk, left fans broke and sparked allegations of insider trading.
00:21Today's launch day!
00:24On December 4th, Welch launched DollarHawk on the Solana blockchain.
00:27Within minutes, the coin's valuation soared to $500 million,
00:32only to crash to $60 million just 20 minutes later.
00:35This catastrophic drop wiped out investments,
00:37leaving fans furious and pointing fingers directly at Welch.
00:41This is one of the most miserable, horrible launches I've ever seen in my life.
00:45The internet quickly accused Welch of purposely committing a rug pull,
00:48a type of financial scam where you pump up a cryptocurrency's value
00:52before abandoning it and running off with the money.
00:54Blockchain data didn't help her case,
00:56revealing that 96% of DollarHawk's supply was held by just 10 wallets.
01:02This raised suspicions of insider trading and shady dealings.
01:06Welch, however, wasted no time defending herself.
01:08In a statement posted to social media,
01:10she claimed her team hadn't sold a single token and blamed the crash on sniping,
01:14a tactic used by early buyers to manipulate prices for personal gain.
01:18She insisted DollarHawk was not a cash grab and labeled the backlash as misinformation.
01:22But the internet isn't buying it.
01:24Stories of personal losses have poured in,
01:26including one person who claimed they lost $20,000.
01:29I was just wondering if, like, if I could get, like, a refund for this.
01:34And another who allegedly blew their entire life savings,
01:36which is not just devastating but extremely humiliating.
01:40Things escalated further when Welch hosted an xSpace to address the scandal.
01:43Crypto investigator Coffeezilla joined the conversation
01:46and grilled Welch on accusations of scamming millions.
01:49This is one of the most miserable, horrible launches I've ever seen in my life.
01:54Okay, then, where are you on?
01:55I've been tracing it on chain for a while.
01:58You guys generated over a million dollars in fees while y'all's fans got rug pulled.
02:06There was snipers, but there was also insider trading
02:10directly linked to y'all's creator account.
02:12What are you guys doing?
02:14Her response.
02:14Hey, guys.
02:15I hate to interrupt you, Nick.
02:17Hello there.
02:17But anywho, I'm gonna go to bed and I'll see you guys tomorrow.
02:21And now the stakes are higher than ever.
02:22Some critics are calling for Welch to face legal consequences
02:25with accusations of insider trading potentially leading to prison time.
02:29Skeptics argue that Welch's lack of knowledge about her own project
02:32suggests either gross incompetence or deliberate deception.
02:36So what's next for Hawktua Girl?
02:37While she continues to insist that she's innocent,
02:39the internet and possibly the authorities aren't letting this slide.
02:43Whether it's bad luck or bad intentions, one thing's for sure,
02:46Hawktua Girl's crypto career is off to a rocky start.
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