Hailey Welch, known for her viral "Hawk Tuah" catchphrase, launched the HAWK memecoin on December 4, promising to revolutionize the crypto space. Despite an initial market capitalization surge to $500 million, the coin plummeted 94% within 12 hours, leading to accusations of insider trading and scamming from on-chain investigator Coffeezilla. Welch denied these allegations, asserting that her team did not engage in any token sales or grant free tokens to influencers. <br /><br />As the controversy escalates, law firms are now soliciting investors who incurred losses to join potential lawsuits against Welch and her team.
