Haily Weltch is facing intense scrutiny after the launch of her HAWK meme token, which promised “real utility” for fans like exclusive content, discounts, and events. The token skyrocketed to a $490M market cap before crashing 92% in just 20 minutes—leaving fans who invested thousands with next to nothing.
The fallout has been brutal. Fans are reporting her to the SEC for alleged fraud, and big names like Coffeezilla have joined the conversation, accusing her team of a potential rug pull. Meanwhile, her defenders blame sniping bots for the crash.
With millions lost and her reputation on the line, the internet is asking: Was this a scam, a poorly executed launch, or just another example of meme coins being a risky gamble?
We break down the story, from the SEC complaints to Coffeezilla’s fiery Twitter Space confrontation. Don’t miss the details behind one of the most dramatic crypto stories of the year.
Let us know what you think in the comments, and subscribe for more hard-hitting news updates as we aim for 500K subscribers!
