YouTube investigator Stephen Findeisen, better known as “Coffeezilla,” has called for an end to the spread of misleading headlines about viral influencer Hailey Welch, also known as "Hawk Tuah," following the controversial launch of her memecoin, HAWK.
“Can yall stop these insane headlines. She didn’t rug for 500M and she didn’t profit $50M,” Coffezilla said in a Dec. 6 X post to his 638,900 followers.
‘Let’s stay to what we know,’ says CoffeeZilla
Coffeezilla claimed that the team behind the memecoin “presold a few million” to strategic advisors who allegedly “sold early,” before the tokens “got sniped.”
It comes after the Dec. 5 launch of Welch’s Hawk Tuah memecoin sparked outrage across social media as the newly launched token briefly pumped and then dumped rapidly following a controversial deployment involving allegations of snipers and insider wallets.
Source: Coffeezilla
Since then, rumors have spread online, from lawsuits to claims of alleged profits from the memecoin, most of which Coffeezilla has said is misinformation.
“Lots to criticize here and I do, but let’s stay to what we know. Team made a few million,” CoffeeZilla said while reiterating the “exact amount” is unknown.
“According to Hawk’s lawyer she’s seen $125k and her tokens unlock in a year,” he said.
CoffeeZilla shuts down lawsuit rumors
He said it is “currently unknown” where all the profits from the transaction fees and the presale have gone.
Meanwhile, he stated that no legal action has been taken yet:
“Oh and she isn’t being sued (yet) so literally everything in this post is misinformation.”
It comes as United States law firm Burwick Law said in a Dec. 5 X post that victims of the launch should contact the law firm to understand their “legal rights.”
Related: Is the ‘memecoin supercycle’ over already? Analysts weigh in
Welch’s most recent post on X regarding the matter, shared on Dec. 5, claimed she was “copy and pasting” before it read:
“Hawkanomics: Team hasn’t sold one token and not 1 KOL was given 1 free token. We tried to stop snipers as best we could through high fee’s in the start of launch.”
Magazine: ‘Normie degens’ go all in on sports fan crypto tokens for the rewards