Hawk Tuah girl addresses botched meme launch

Haliey Welch, popularly known as “Hawk Tuah girl”, has finally resurfaced two weeks after her meme coin Solana crashed at 95% within minutes of its launch.

After 333 hours of sleep, Welch turned to X to announce her cooperation in a US federal lawsuit seeking legal relief for 12 US residents affected by the failed Hawk Tuah meme coin.

Welch released a statement on social media less than 24 hours after law firm Burwick Law filed a lawsuit on December 19. This is the first time Welch has spoken publicly since December 5.

I take this situation extremely seriously and want to address my fans, investors who have been impacted, and the broader community. I am fully cooperating and committed to assisting the legal team representing those affected, as well as helping to uncover the truth, hold responsible parties accountable, and resolve this matter.

Haliey Welch on the Hawk Tuah meme piece

According to crypto.news, crypto-focused Burwick Law has filed a lawsuit on behalf of plaintiffs allegedly affected by the Hawk Tuah meme token launched by Welch and his team.

Court documents say 12 people collectively lost about $150,000 investing in the celebrity meme coin. Hawk Tuah reached a market cap of $500 million shortly after debuting with Solana (SOL) before falling more than 95% to a market cap of $50 million.

Welch, the public face of the token, claimed that she and her team had not sold a single token. However, Bubblemaps data challenged his statement, revealing that insiders controlled 96% of the token supply.

Community Welch and his team remained silent for more than two weeks, likely overwhelmed by angry investors demanding answers and accusing the project of being an exit scam. Welch reportedly pocketed $50 million from the project.