Haliey Welch, known online as the 'Hawk Tuah Girl,' is facing backlash for allegedly portraying herself as a victim after the significant decline of a cryptocurrency she promoted.
Haliey Welch, known as the 'Hawk Tuah Girl,' is facing criticism for allegedly portraying herself as a victim following the crash of a cryptocurrency she promoted. Scott Armstrong, a former federal prosecutor, commented on Welch's online posts after the Hawk Tuah memecoin plummeted over 95% in value on its launch day, December 4. The investors are now suing Tuah The Moon Foundation, the company behind the memecoin, along with its chief financial backers, Overhere Ltd.
, its CEO Clinton So, and online promoter Alex Larson Schultz. Newsweek reached out to Welch, So, and Overhere Ltd. for comment. This case highlights the volatile nature of memecoins and the power of the internet to propel individuals from obscurity to fame. Welch gained notoriety after a video using the phrase 'hawk tuah' went viral. She has since leveraged her fame into a merchandise line and the podcast Tuah Talk, featuring interviews with celebrities like Wiz Khalifa and Mark Cuban. Welch promoted the memecoin and stated that she initially believed cryptocurrency was a scam. Following the crash, she took to social media, including X (formerly Twitter), to address the situation, emphasizing her commitment to transparency and accountability
MEMECOINS CRYPTOCURRENCY INVESTORS INTERNET PERSONALITY LEGAL CASE
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