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Haliey Welch Says She Did Not Control Meme Coin That Fell 95% After Launch

Haliey Welch Says She Did Not Control Meme Coin That Fell 95% After Launch

Haliey Welch said she faced public backlash and an FBI investigation after the HAWK memecoin’s collapse, and stated she was ultimately cleared of wrongdoing.

Fact Check
The statement is accurately attributed to Haliey Welch's team. Following the 95% crash of the $HAWK token in December 2024, her team released a public statement (and a post on X) explicitly claiming that they did not have control over the token's decisions, fees, or treasury, instead blaming Alex Larson Schultz for those aspects. This is documented in multiple reputable news sources including the Times of India and Forbes.
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Summary

Haliey Welch said she did not control the HAWK memecoin that dropped 95% shortly after launch. In the new update, she said the token’s collapse led to backlash against her and an FBI investigation, but that she was cleared of wrongdoing. The available source does not provide additional details about the token’s management, launch structure, trading venue, or the investigation process.

Terms & Concepts
  • memecoin: A cryptocurrency tied to an internet meme, personality, or viral trend, often driven largely by hype and community attention.
  • launch: The initial release of a crypto token or project to the market, when public trading or distribution begins.