Influencer Hailey Welch is MIA, her coin is DOA, and traders are
able to throw punches—however not earlier than Googling, “Hailey Welch useless?”
In case you’ve been wherever close to the web these days, you’ve most likely seen the title
Hailey Welch trending for all of the flawed 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 counsel she isn’t alive and kicking,
however her meme coin and credibility are actually 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 sooner than Hailey Welch’s
social media updates, leaving a path of indignant traders and shattered goals.
Now, Welch’s accounts are inactive, and her digital footprints have all however
disappeared. In case you’d prefer to learn extra about it, it’s all right here.
Traders Sue Over a Crypto Caper
Including to the chaos, Bloomberg Legislation experiences that disgruntled
traders have filed lawsuits towards Welch and her promotional companions.
The lawsuits declare that Hawk Tuah was an unregistered safety, offered 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 shops 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 that may make even FTX’s Sam Bankman-Fried
blush.
The swimsuit, filed within the first US District Courtroom for the Japanese 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,
often known as Doc Hollywood, as defendants.
1/ The Reality: We Solely Constructed Airdrop Tech for Web2 Followers, for FreeWe noticed $HAWK as the right use case for our startup’s concept:to deliver airdrops to web2.Hailey Welch—a literal meme—launching a meme coin felt like synchronicity.Our aim was easy: deliver 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 marketing campaign. Traders had been lured by guarantees of exclusivity, early
entry perks, and absurd “moonshot” earnings. As a substitute, they obtained a nugatory
token and a pile of authorized charges. At this level, in accordance with Bloomberg, the SEC
would possibly become involved, doubtlessly including Welch’s title to a rising record of
influencers who underestimated the regulation’s lengthy attain.
Hailey Welch Useless? No, However Her Crypto Goals Are
The recognition of the time period “Hailey Welch useless” is likely to be greater than somewhat darkish,
however it’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 could be Google’s search quantity for her title. 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 most likely is.
For extra tales of fintech, go to our devoted archives.
This text was written by Louis Parks at www.financemagnates.com.
