Influencer Hailey Welch is MIA, her coin is DOA, and traders are
able to throw punches—however not earlier than Googling, “Hailey Welch useless?”
For those who’ve been wherever close to the web recently, you’ve in all probability seen the identify
Hailey Welch trending for all of the unsuitable causes. As soon as celebrated because the “Hawk
Tuah Woman”—the face of a meme coin that promised absurd earnings—Welch has gone
radio silent. Her disappearance has sparked a wave of Google searches for
“Hailey Welch useless,” including a darkish twist to an already murky scenario.
Spoiler alert: There’s nothing to recommend she isn’t alive and kicking,
however her meme coin and credibility are definitely lifeless.
Hailey Welch—From Promoter to Pariah
Welch’s rise as a crypto influencer was meteoric. Backed by flashy movies,
viral memes, and sufficient buzzwords to fill a white paper, Welch and her “Hawk
Tuah” coin promised traders they’d “soar to monetary freedom.” It was all
backed up by a charismatic pitch, which drew in hundreds of hopeful consumers.
UPDATE: Hailey Welch has formally been asleep for 300 HOURS. pic.twitter.com/F23TnnO2uU
— shah (@shahh) December 18, 2024
Then got here the crash. Hawk Tuah’s worth plummeted quicker than Hailey Welch’s
social media updates, leaving a path of indignant traders and shattered desires.
Now, Welch’s accounts are inactive, and her digital footprints have all however
disappeared. For those who’d prefer to learn extra about it, it’s all right here.
Traders Sue Over a Crypto Caper
Including to the chaos, Bloomberg Regulation reviews that disgruntled
traders have filed lawsuits towards Welch and her promotional companions.
The lawsuits declare that Hawk Tuah was an unregistered safety, bought below the
guise of innocent enjoyable. The promoters allegedly knew the coin was destined for
catastrophe however pocketed hefty charges for his or her endorsements. Different retailers paint an
even bleaker image, revealing a shadowy community of backers pulling the
strings behind Welch’s public persona. These aren’t your typical crypto
cowboys; they’re an organized group which may make even FTX’s Sam Bankman-Fried
blush.
The go well with, filed within the first US District Court docket for the Jap District
of New York, named Tuah The Moon Basis; overHere Ltd which launched the
coin, its founder Clinton So, and social media influencer Alex Larson Schultz,
also called Doc Hollywood, as defendants.
1/ The Reality: We Solely Constructed Airdrop Tech for Web2 Followers, for FreeWe noticed $HAWK as the proper use case for our startup’s thought:to convey airdrops to web2.Hailey Welch—a literal meme—launching a meme coin felt like synchronicity.Our purpose was easy: convey Web2 followers into Web3…
— overHere (@overHere_gg) December 16, 2024
Sustain with the drama.
The Meme Coin That Wasn’t
Hawk Tuah wasn’t only a meme coin—it was a cautionary story wrapped in a flashy
advertising and marketing marketing campaign. Traders had been lured by guarantees of exclusivity, early
entry perks, and absurd “moonshot” earnings. As an alternative, they received a nugatory
token and a pile of authorized charges. At this level, based on Bloomberg, the SEC
may become involved, doubtlessly including Welch’s identify to a rising record of
influencers who underestimated the legislation’s lengthy attain.
Hailey Welch Lifeless? No, However Her Crypto Desires Are
The recognition of the time period “Hailey Welch useless” is likely to be greater than slightly darkish,
but it surely’s a becoming metaphor for her profession. Welch’s disappearing act has left
traders demanding solutions and skeptics laughing on the absurdity of all of it.
Whereas her coin’s slogan was about hovering to monetary freedom, the one factor
flying excessive now’s Google’s search quantity for her identify. Whether or not she resurfaces
or stays in hiding, Welch’s story serves as a evident reminder: if it sounds
too good to be true, it in all probability is.
For extra tales of fintech, go to our devoted archives.
This text was written by Louis Parks at www.financemagnates.com.