Haliey Welch Breaks Silence on Hawk Tuah Coin Collapse

Crypto News Altcoins

Haliey Welch Breaks Silence on Hawk Tuah Meme Coin Collapse

Written by Aaron S.,

Editor-In-Chief

Last Updated: May 06, 2025

Key Takeaways

Haliey Welch apologized for promoting the Hawk Tuah token, which crashed 93% minutes after launch;
Welch admitted she did not fully understand crypto and felt responsible for users' financial losses;
Welch said the backlash affected her mental health, leading to a much-needed break from the public eye.

Stop overpaying - start transferring money with Ogvio. Join the waitlist & grab early Rewards NOW! 🎁

Haliey Welch Breaks Silence on Hawk Tuah Meme Coin Collapse

BITDEGREE IN YOUR SOCIAL FEED

Haliey Welch has spoken out about her involvement in the Hawk Tuah (HAWK) meme coin controversy.

After staying quiet for a period, which she described as a necessary mental health break, Welch shared her thoughts in an interview with Vanity Fair on May 2.

The situation began when Welch promoted a Solana SOL $141.98 -based cryptocurrency called Hawk Tuah. The token was launched and quickly reached a market value of $490 million. However, within 15 minutes, the value dropped by 93%, which led to accusations that the project was a rug pull.

How to Create an NFT: Easiest Way (Animated Explainer)

Did you know?

Want to get smarter & wealthier with crypto?

Subscribe - We publish new crypto explainer videos every week!

Welch expressed regret for her part in the situation. She admitted that she had not fully understood how the cryptocurrency industry worked before agreeing to promote the meme coin. She also shared that seeing people say they lost money because of the project made her feel responsible. She told Vanity Fair,

It was one of those things that just happened, and I feel sorry for everybody that just lost money.

In the interview, Welch also spoke about how the backlash from the HAWK token's failure affected her mental health. She said, "I hate to say this, but it was a much-needed mental health—just…what do you call it? A mental health break, I guess, is what you can call it.".

The Hawk Tuah token was created with the involvement of several parties. These included Doc Hollywood, identified in legal documents as Alex Larson Schultz, as well as OverHere Limited, Clinton So, and an organization called the Tuah the Moon Foundation.

Meanwhile, Elon Musk recently called a report from The Wall Street Journal "an EXTREMELY BAD BREACH OF ETHICS." What happened? Read the full story.