Hawk Tuah Meme Coin Scandal: Overhere Points Fingers at Haliey Welch and Team

Hawk Tuah Meme Coin Scandal Deepens as Blame Game Heats Up

The collapse of the HAWK meme coin, tied to social media influencer Haliey Welch—also known as Hawk Tuah Girl—has triggered a public blame game between key players in the project. Overhere, the company behind the coin’s launch, has accused Welch’s team and Alexander Larson Shultz, aka “Doc Hollywood,” of mishandling the project and causing its spectacular failure.

HAWK: From Launch Hype to a 90% Collapse

HAWK, launched on Solana earlier this December, was heavily marketed as a revolutionary meme coin to bridge web2 and web3 ecosystems. However, hours after its debut, the token plummeted by over 90%, leading to accusations of a rug pull—where developers abandon a project after cashing out funds from investors.

As the token’s value continued to tumble, angry investors called out the team for alleged mismanagement and a lack of transparency.

Overhere’s Defense: A Story of Naivety or Strategic Deflection?

In a thread posted on X (formerly Twitter), Overhere defended its role in the project, claiming the company worked for free and without an official contract, motivated by a shared vision of onboarding fans into the crypto space seamlessly.

“Our goal was simple – bring web2 fans into web3 seamlessly. For free,” Overhere stated.

The company criticized Shultz, Welch’s team member and the son-in-law of comedian Howie Mandel, for exploiting Welch’s fame to attract investors while allegedly failing to uphold project integrity.

“This project needs Hailey’s team to step up, Doc to step down [and a] full treasury audit,” Overhere added.

Overhere also emphasized that the technology they developed for HAWK’s launch “still works” and invited “real fans” to claim their tokens.

Community Pushback Against Overhere

Despite Overhere’s attempt to shift the blame, the crypto community remains skeptical. Responses to the company’s thread were overwhelmingly critical:

• Accusations of Scamming: Many users dismissed Overhere’s explanation as an attempt to deflect responsibility, with one writing, “Are you trying to spin the facts because you know you launched a scam?”
• Sarcastic Criticism: Others mocked the company’s self-professed altruism, with one sarcastically summarizing their approach: “Our goal was simple – bring web2 grifters into web3 to rug it seamlessly.”

HAWK’s Current Status

At the time of writing, HAWK is trading at $0.001219—a far cry from its December 5 peak of $0.003703. The token’s ongoing decline continues to fuel allegations of malpractice, with no clear resolution in sight.

What’s Next for HAWK Investors?

With Overhere demanding a full treasury audit and accountability from Welch’s team, the project’s future remains uncertain. Investors are left in the lurch, awaiting clarity on whether the debacle stems from genuine mismanagement or deliberate exploitation.

The HAWK controversy serves as a cautionary tale for the crypto community, highlighting the risks of hype-driven projects and the importance of due diligence in the volatile world of meme coins.

Stay tuned for updates as this story develops.