|

'Hawk Tuah Girl' Hailey welch claims SEC, FBI cleared Her for the HAWK Memecoin disaster

What to know

  • Haliey Welch, known as "Hawk Tuah Girl," claims she was cleared by the FBI and SEC regarding the failed HAWK memecoin.

  • Welch now distances herself from the project, stating she didn't understand cryptocurrency despite her initial enthusiasm.

  • The HAWK token's market cap plummeted from $491 million to under $100 million, with current losses estimated at $180K.

Haliey Welch, better known as “Hawk Tuah Girl,” is now distancing herself from last December’s failed HAWK memecoin — despite previously calling it a fully compliant, fan-focused token she was proud to launch.

In a new episode of her Talk Tuah podcast, Welch claimed she was questioned by the FBI and handed over her phone to the SEC, but was ultimately “cleared” of wrongdoing.

“They went through my phone, so they cleared me. I was good to go,” she said. “I wish we knew then what we know now.” She also dodged direct responsibility, instead framing herself as an unwitting pawn: “I don’t have anything to hide.”

But Welch's latest comments — claiming she didn’t understand crypto and felt “sick” that fans trusted her — stand in sharp contrast to her original announcement in November 2024.

At the time, Welch said she was “excited to be part of meme culture” and had “learned so much” while working with launch partners to bring $HAWK to life.

The token, which launched on Solana, briefly hit a $491 million market cap before plunging below $100 million in hours. Welch’s team claimed the project was legally compliant and backed by a Cayman foundation, and said her tokens would vest over three years.

Welch claims user losses are far lower

She went on to claim that while initially customer losses were estimated to be as high as $1.2 million, the real loss figure stands at $180,000.

However, there are still 10,149 token holders according to Solscan and many of those holders never sold thus losses were never realized. The $180,000 figure does not include those holders.

Commentators on her podcast aren’t buying the story.

“She admits that she didn't know anything about it but decided to endorse it anyway and promote it?” one YouTube comment read. “You should have never attached yourself to something you didn't understand,” another said.

HAWK prices are down 99% since its December peak, sitting at a tiny $104,000 market capitalization as of Tuesday morning.

Author

CoinDesk Analysis Team

CoinDesk is the media platform for the next generation of investors exploring how cryptocurrencies and digital assets are contributing to the evolution of the global financial system.

More from CoinDesk Analysis Team
Share:

Editor's Picks

XRP defends $1.30 support as Ripple partners with Arf to bring RLUSD settlement liquidity to XRPL

Ripple holds near recently confirmed support at $1.30 on Friday, as bulls eye a short-term recovery toward $1.40. The remittance token’s upside remains capped by structural levels, suggesting recovery would depend on whether buyers can sustain momentum.

Bitcoin Weekly Forecast: BTC extends pullback as ETF inflows clash with risk-off sentiment

Bitcoin remains under pressure, trading around $81,800 on Friday, recording modest losses so far this week. Despite a mild pullback, institutional demand showed signs of a comeback with spot ETFs recording $442.67 million in net inflows through Thursday.

Crypto Today: Bitcoin holds the 50-day EMA as Ethereum and XRP face structural resistance

Bitcoin gradually ticks up on Friday, trading above $81,000. The Crypto King has recently defended structural support near $80,000, reinforcing the prevailing bullish outlook. Ethereum similarly edges higher above $2,400, while Ripple trades above $1.32 after testing support around $1.30.

Pi Network holds modest gains as mixed technicals curb upside

Pi Network (PI) price is up 2% on Friday, showing signs of recovery while the broader cryptocurrency market faces near-term weakness. The crypto market sentiment eases to neutral from bullish amid rising long liquidations.

Bitcoin extends pullback as ETF inflows clash with risk-off sentiment

Bitcoin remains under pressure, trading around $81,800 on Friday, recording modest losses so far this week. Despite a mild pullback, institutional demand showed signs of a comeback with spot Exchange Traded Funds recording $442.67 million in net inflows through Thursday.