Hailey Welch (aka the “Hawk Tuah” The girl said that after receiving a furious response to the launch of her meme coin, she was going to logoff and go to sleep. Will she wake up now that the launch partners have started to point fingers at each other for her token’s disastrous start?
Welch’s HAWK coin was pumped and dumped by Welch earlier in the month. This prompted widespread accusations of rug-pulling Insider collusion: The influencer told a irate X Spaces crowd of holders she was leaving for bed, and that they would be notified. “see you guys tomorrow.”
Welch is yet to post anything on her normally active X and Instagram accounts, or TikTok. It’s almost been two weeks.
One group that was involved in the calamitous HAWK creation has finally spoken out.
pic.twitter.com/ATPoaKugNZ
— Bold (@boldleonidas) December 15, 2024
OverHere, a site for cryptography that lists HAWK currently as its Only productPosted a thread on X late Monday titled “The Truth,” Clarifying the role of the group in the troubled token rollout.
OverHere, December 4th. concerns about HAWK—which crashed to near-zero because a group of interconnected wallets dumped vast sums of the token as soon as the public began buying it—as “FUD,” The crypto-jargon for baseless rumors intended to cause unnecessary harm “fear, uncertainty, and doubt.”
Now, OverHere is singing a much different tune, claiming those concerns were entirely valid… but it's not their fault.
OverHere said on Monday that the group took zero fees from HAWK and made zero profit on the project, but ultimately became the chief architect of the token because another mysterious figure connected to Welch—”Doc Hollywood,” An individual who has been in the workforce since their X account—was supposed to design it all but “vanished when things got hard.”
OverHere’s team claims that Doc Hollywood had issues which led to the token not delivering on its promises.
However, the group didn’t go as far as to call this project a rug-pull, instead pointing at “transparency” Welch and Hollywood both failed to meet this key goal.
What is the core problem? Transparency:
Early on transparency from Doc began to decay, but it died in the end.
Public updates were pushed by us.
Doc's response? Nothing.
What is the cost? The cost?
— overHere (@overHere_gg) December 16, 2024
In some attempt at accountability over the fiasco, OverHere said that it did make mistakes—but only by trusting the wrong partners, attempting to fix their mess, and not speaking out sooner.
Welch was asked to repair the situation by the group as a final appeal. “truth, transparency, [and] trust.”
Welch, in the nearly 24 hours following OverHere’s statement on social media, has been radio silent. Her representative did not respond immediately to Decrypt‘s Request for Comment
She is still sleeping.
Andrew Hayward is the editor