- Hailey Welch launched a memecoin that shortly plunged
- Even her boyfriend misplaced cash on it and he desires it again
There’s hassle in memecoin paradise. The boyfriend of Hailey Welch, also called the “Hawk Tuah woman,” desires again the $300 he misplaced on his lover’s ill-fated cryptocurrency.
Hailey Welch within the now notorious “Hawk Tuah” video. Even her boyfriend is upset about her memecoin gone fallacious.
In what was then her newest effort to capitalize on her quarter-hour of web fame, Welch launched a memecoin beneath the ticker “HAWK” on the Solana blockchain final November. On the floor, it was a match made in heaven as a result of Welch rose to web stardom a number of months earlier for saying “hawk tuah” and “spit on that thang” in reference to a sexual act throughout a man-on-the-street interview.
Not like Bitcoin, Ethereum, or different bigger cryptocurrencies, most memecoins don’t have use circumstances and are not more than short-term buying and selling automobiles primarily based on viral web moments or celebrities. That was the case with HAWK, which capitalized on Welch’s fame whereas creating losses for a lot of traders.
‘Pookie’ Peeved About His HAWK Losses
In what’s believed to be a leaked episode of the FaZe Clan podcast, Welch advised host FaZe Banks that her boyfriend, Kelby “Pookie” Blackwell, is asking her to reimburse him for the $300 he misplaced on HAWK.
’Pookie’ misplaced cash too,” she mentioned on the podcast. “He mentioned, ‘The way you going to take my cash?’ He nonetheless provides me (expletive) on a regular basis. He says, ‘I want I had my $300 again.’”
Whereas Welch seems to be considerably humorous concerning her boyfriend’s gripe in regards to the misplaced funding, Blackwell isn’t alone in his grievance. Final December, a gaggle of traders claiming to have misplaced $151K on the HAWK token filed go well with in US District Court docket for the Jap District of New York alleging that insiders took steps to knowingly flout US securities legal guidelines.
The plaintiffs asserted that Tuah Basis, which managed 17% of the tokens, was domiciled within the Cayman Islands whereas actively selling the memecoin to different traders in order that the inspiration might promote into increased costs.
“The challenge clearly was supposed to make the most of the American market,” in keeping with a authorized doc.
The plaintiffs allege that HAWK’s insiders orchestrated what’s often known as a rug pull — crypto parlance for a state of affairs the place a token’s builders ditch a challenge after they’ve profited, leaving different traders with an primarily nugatory asset.
Different Gaming Ties to Memecoin House
Welch, who has a podcast take care of Jake Paul’s Betr, has modest ties to the world of sports activities betting, and there are different examples of that intersection.
Final October, former DraftKings sports activities betting persona Taylor Mathis pumped a token bearing her first identify. It will definitely collapsed, prompting vilification of her on social media. That imbroglio may be a part of the rationale she’s not affiliated with the corporate.
Final week, Barstool Sports activities founder David Portnoy launched Jailstool, a memecoin that pays homage to his endorsement of one other digital foreign money that sparked some followers to name for his imprisonment. Portnoy is pledging to not liquidate any of his 27.63 million cash till it instructions a $500 million market capitalization. Barstool Sports activities has a advertising take care of DraftKings.
