‘Hawk Tuah’ lady Hailey Welch posted a brand new episode on her podcast on Thursday, lastly speaking about her meme coin crash, earlier than taking down the video on her Youtube channel shortly after.
On her podcast, Welch claimed that she was led to consider that her token would have long-term viability and a optimistic influence on the crypto business, which sadly was not the case.
‘Hawk Tuah’ lady says meme coin deployers persuaded her to launch the token
On the most recent episode of her podcast, Welch sat down with podcaster and CEO of gaming group FaZe Clan, FaZe Banks, describing her expertise when she first agreed to launch the Hawk Tuah token
In keeping with Welch, the concept of a meme coin didn’t enchantment to her at first since she had little or no information of the crypto house and didn’t fairly perceive what she was entering into. Nevertheless, she agreed to introduce the token when she thought half of the income would go to her charity.
She additional claims that the meme token was introduced to her in a really optimistic gentle, arguing she was misled.
She commented:
It was delivered to me in a optimistic method — it was going to be one thing good and long-term, however it didn’t go that route in any respect, so it was like a smack within the face.
Hailey Welch
Welch is now suing the meme coin makers, along with her lawyer Christian Barker insisting she was deceived on the undertaking’s tokenomics, on condition that the token deployer holds about 80% of the token’s provide.
The Hawk Tuah token was first launched on December 4, 2024, and rapidly amassed near $500 million in market cap in just some hours after its launch. Nevertheless, the token rapidly plummeted, falling by over 91% to $41 million in market capitalization the subsequent day.
Banks didn’t approve the discharge of his interview with Hailey Welch
FaZe Banks revealed that he solely agreed to the interview below sure situations. In his X put up, Banks disclosed among the stipulations, together with that their interview shouldn’t be leaked to control markets and that her group formulate a plan for the cash she made, the place it must go, and what to do with the token undertaking.
Welch’s group even promised to not reveal the episode till his facet greenlighted it. Nevertheless, the episode leaked on Thursday earlier than being taken down shortly after.
Banks believes that the rising hype across the meme token fueled the leak. He feels there was a hidden agenda behind the leak, particularly with the token’s value rising virtually instantly. He even added that he understood why Welch ended up in her predicament within the first place.
The Hawk token greater than doubled in value on Thursday earlier than dipping by greater than 9% to $0.0002233.
