The only people who lost money were speculators trying to manipulate the market to their advantage. Nobody actually bought that with any faith that it had or would hold any value.

And now they're butt hurt that something so clearly stupid and worthless, created by a person who's fame came from pure stupidity and is now backed by a legal, sales and marketing team pumping her NIL well for every last drop drop before it goes dry, turned out to not be set up in good faith. Sorry not sorry. This girl is a joke but I don't blame her one bit. Don't hate the player hate the game. And those nerds shouldn't have ever played it. Anyone with a brain knows that.

People are dumb. BTC is not the same as a meme coin.

Meme coins are vaporware without any attempt at a use case.

I don't see any basis for prosecuting someone based on this because a meme coin named after a redneck girl known for bj expertise has to be the most "buyer beware" thing ever invented

Her podcast has more followers than Tucker and Rogan. I'm quite sure many innocent people who follow this chick lost money, not just speculators.

DannyDuberstein said:

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I don't see any basis for prosecuting someone based on this because a meme coin named after a redneck girl known for bj expertise has to be the most "buyer beware" thing ever invented

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Agreed. People deserve to lose their money if they invested in this.

Stupid people deserve stupid outcomes so they can hopefully learn from it.

Logos Stick said:

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Her podcast has more followers than Tucker and Rogan. I'm quite sure many innocent people who follow this chick lost money, not just speculators.

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Pathetic.

YouBet said:

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People are dumb. BTC is not the same as a meme coin.

Meme coins are vaporware without any attempt at a use case.

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You contradict yourself.

YouBet said:

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Logos Stick said:

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Her podcast has more followers than Tucker and Rogan. I'm quite sure many innocent people who follow this chick lost money, not just speculators.

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Pathetic.

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Crazy, isn't it? I was shocked to learn that.

TexasRebel said:

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YouBet said:

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People are dumb. BTC is not the same as a meme coin.

Meme coins are vaporware without any attempt at a use case.

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You contradict yourself.

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Then you don't understand BTCs intent or you don't understand what I'm saying.

Krombopulos Michael said:

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Hawk Tuah Coin goes limp after IPO launch

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Outstanding title. We are not worthy.

Meme coins are known for the "pump and dump" scheme...

Did anyone expect her to not pull this?

Not Coach Jimbo said:

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Meme coins are known for the "pump and dump" scheme...

Did anyone expect her to not pull this?

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She's too ignorant/stupid to understand what happened to her via criminals behind her "budding social media/crypto kingdom".


She way overestimated where her 15 mins could take her........too bad it's all over now.

NEW: Hailey Welch’s “Hawk Tuah” crypto project sued after the group was accused of “rug pulling” investors when the token tanked 95%.

Investors say the lawsuit “arises from the unlawful promotion and sale of the Hawk Tuah cryptocurrency memecoin…”

Named in the lawsuit are the… pic.twitter.com/0v2CxcVWMn

— Collin Rugg (@CollinRugg) December 19, 2024

She really blew it.

— Collin Rugg (@CollinRugg) December 19, 2024

There was a ufc fighter recently got caught up in the same type of scam. Marketing company came to him to launch some off the wall crypto, which turned out to be a big pump and dump.

She probably had no idea what it was about, just saw the $$$, and her manager said go for it.

texagbeliever said:

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That wasn't a good kindergarten take.

Imagine you have 10 stickers. You say you only have 3 stickers. People bid and buy the stickers as if there are only 3. You then dump the other 7 stickers into the market you held back once price gets high enough.

Think back to supply/demand curves, lower supply leads to a higher intersection on the price point. When you sell the extra stickers you don't announce that you did you just create the volume. Easier to do with just a fictitious coin. Then voila there is asymmetrical market information and once you brought the new supply the value should have crashed but that will only occur after you have sold off your hidden supply. Creating $$$$ for you.

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but how does the price not crater as soon as the other 7 stickers are dumped on the market? How is any money made on the 7 stickers that were held back? Why would people pay market price (as in what the other 3 buyers paid) when the suddenly see there are 7 more? Wouldn't they just say "I see 10 stickers, not 3, I'm not paying that high price".???

Or does it happen so fast and in a vacuum and the new buyers don't realize there are 7 stickers and only see 1 sticker and think it's part of the original 3?

Yes to That last thing you said.

YouBet said:

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DannyDuberstein said:

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I don't see any basis for prosecuting someone based on this because a meme coin named after a redneck girl known for bj expertise has to be the most "buyer beware" thing ever invented

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Agreed. People deserve to lose their money if they invested in this.

Stupid people deserve stupid outcomes so they can hopefully learn from it.

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This. What moderately intelligent person looks at this thing and thinks, "Hey! What a great investment that would be!"???

The company managing her is the company associated with Jake and Logan Paul. Speculation: The viral crap she does now, good or bad, is not organic. It's all planned by master marketers for publicity.

She will skate right through this just like they always do when they screw people over. It's who they are.

Kenneth_2003 said:

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Hungry Ojos said:

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Stupe said:

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Gaeilge said:

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Hungry Ojos said:

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Can someone explain all of this to me like I'm five? What she did and how everyone got screwed?

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Created bull**** memecoin. Held ~97% of volume back from market. Ran 3% up. Dumped x% of the 97% when enough stop-buy bids were present to rake in stupid money. Made millions in fees. Coin crashed. Coin worthless. Idiots on internet lost millions.

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Ok

Explain it to me like I'm three.

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I'm right there with you.

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I'll take a Kindergarten level stab at this...

Remember Game Stop and it's crazy runup?
Now, forget for a bit about the hedge fund that had tremendously shorted a stock in a physical brick and mortar company. Pretend that half of the equation doesn't exist. But there's the internet, and SnapChat, and Reddit, and I'm sure some other platforms... And they got GME all pushed higher and higher. Was there anything in GameStop from a brick and mortar standpoint that justified the runup? Heck no. Not in their current form. BUt some people on the internet were encouraging further buying and (in crypto parlance -- similar to HAT or MOAR on TexAgs boards) HODL, HODL, HODL (Hold)! There was absolutely nothing backing that runup and eventually the holders sold because, Dear mother of sweet floating baby Moses, who wouldn't eventually take advantage of such a run up?

Well GME was a "Meme Stock." Well this is a "Meme Coin." There's even LESS backing it than game stops brick and mortar or the underlying collapsing hedge fund. The ONLY thing "backing" this meme coin are some 1's and 0's on the internet.

Imagine paying for porn then trying to resell it when everyone else can just download it for free. But fools and their money are always parted.

Oh, and as others have said. Once some of these digital "coins" were out and owners were "Hodl'ing, the creators apparently flooded the market with their holdings and crashed it. Of course the initial buyers paid in fiat or perhaps a coin with a greater, and more stable, perceived value and thus able to be converted to fiat. I know you can buy, for example, BitCoin with real US Dollars and there is a process to somehow convert those BitCoin BACK to USD.

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This is a really poor understanding of what happened with GME.

I take this situation extremely seriously and want to address my fans, the investors who have been affected, and the broader community. I am fully cooperating with and am committed to assisting the legal team representing the individuals impacted, as well as to help uncover the…

— Haliey Welch (@HalieyWelchX) December 20, 2024

aTm2004 said:

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I take this situation extremely seriously and want to address my fans, the investors who have been affected, and the broader community. I am fully cooperating with and am committed to assisting the legal team representing the individuals impacted, as well as to help uncover the…

— Haliey Welch (@HalieyWelchX) December 20, 2024

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I would bet my entire fortune that no way in hell did Hailey Welch draft that post!

aTm2004 said:

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I take this situation extremely seriously and want to address my fans, the investors who have been affected, and the broader community. I am fully cooperating with and am committed to assisting the legal team representing the individuals impacted, as well as to help uncover the…

— Haliey Welch (@HalieyWelchX) December 20, 2024

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"My fans"

Who TF is a fan of this dork?

If the right people got hurt on this, they are coming after her hard.

Poor guy

I lost my entire life savings on the Hawk Tuah coin. It seemed like a sure fire investment at the time. Now my family will be homeless on Christmas. I demand justice. None of this is my fault. https://t.co/s7HmoarWzg

— Matt Walsh (@MattWalshBlog) December 20, 2024

Welch is likely a naive sheep who sadly got eaten by wolves.