Coffeezilla Clarifies Inaccurate Reports Regarding Influencer Hailey Welch and HAWK Memecoin

Stephen Findeisen, commonly referred to as “Coffeezilla,” has utilized social media to criticize false and exaggerated narratives regarding viral influencer Hailey Welch and the introduction of her memecoin, HAWK.

The YouTube investigator addressed the issue on December 6, calling for an end to the dissemination of misleading headlines.

“Can y’all stop these insane headlines? She didn’t rug for $500M and she didn’t profit $50M,” Coffeezilla remarked in a message to his 638,900 followers on X.

Hawk Tuah Meme Coin’s Launch Provokes Controversy

The launch of Welch’s Hawk Tuah memecoin on December 5, which saw a rapid increase in price followed by a sharp decline, has ignited controversy within the crypto community.

Claims of insider trading and sniper bots have incited public anger, resulting in speculation about lawsuits and substantial profits associated with Welch.

However, Coffeezilla dismissed much of this conjecture as misinformation.

According to Coffeezilla, the HAWK team “presold a few million” tokens to strategic advisors who reportedly sold early, which contributed to the token’s instability.

He clarified that the “exact amount” of funds raised remains uncertain but mentioned that Welch’s attorney has indicated she received $125,000, with her tokens locked for a year.

Coffeezilla also pointed out that it is still unclear where the proceeds from transaction fees and the presale have been allocated.

Furthermore, Coffeezilla refuted claims of legal action against Welch, asserting, “She isn’t being sued (yet), so literally everything in this post is misinformation.”

Can yall stop these insane headlines.
She didn’t rug for 500M and she didn’t profit $50M. FFS.
1. The team presold a few million to “strategic advisors” who sold early.
2. The token got sniped.
3. LP made >$1m on 15% fees according to the meteora tracker. https://t.co/drp6RlGog0

— Coffeezilla (@coffeebreak_YT) December 6, 2024

Meanwhile, Burwick Law, based in the U.S., has reached out to alleged victims of the launch to discuss their legal options.

Welch’s latest statement on X asserted that the team had not sold any tokens and attempted to deter sniper bots by imposing high fees at the launch’s outset.

While uncertainties persist, Coffeezilla has urged a focus on verified information rather than conjecture.

Hawk Tuah Girl Defends Meme Coin Amid 90% Decline

$HAWK’s market capitalization soared to $490 million before rapidly dropping 91% shortly after its launch on Wednesday, December 4.

Blockchain analytics firm Bubble Maps indicates that approximately 80% of all wallets and snipers were managed by insiders, distorting the token’s value.

“We tried to stop snipers as best we could through high fees in the start of launch on @MeteoraAG,” Welch stated in a Thursday post on X. “Fees have now been reduced.”

OverHere, the team behind Welch’s token, also countered claims in a late Wednesday post on X.

“Hailey’s Team has sold absolutely no tokens whatsoever,” they asserted. “Hailey’s Team has a 10% allocation which is locked for 1 year and vested over 3 years.”

“The remaining tokens are distributed into different wallets as per the tokenomics,” OverHere added, indicating that the company would offer a more comprehensive overview of the situation at a later time.

There has been a wild amount of fud circulating, let us explain:
The main piece going around @X is the 96% cluster seen on @bubblemaps which shows $HAWK tokens being sent by the deployer address (xxxx), to the related addresses, according to the tokenomics that was published.…

— overHere (@overHere_gg) December 5, 2024

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