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$ BTC $99,797 -0.34% ETH $4,002 -0.20% BNB $752 +2.51% SOL $238 +0.37% XRP $2.59 +6.75% TON $6.80 -0.14% * English * Advertise * About News Bitcoin Ethereum Altcoins Blockchain Business Policy & Regulations AI NFTs DeFi Adoption Markets Market News Market Analysis Top 10 Cryptocurrencies Calculator Heatmap Rankings Price Indices Memecoins Crypto Exchanges Magazine People Top 100 2023 Top 100 2022 Top 100 2021 Top 100 2020 Opinion Expert Take Interview Learn Research Podcasts Ad Ciaran Lyons 18 hours ago COFFEEZILLA CALLS OUT ‘INSANE HEADLINES’ ABOUT HAWK TUAH MEMECOIN YouTube investigator Coffeezilla has called for an end to the spread of misinformation about viral influencer Hailey Welch’s recent controversial memecoin launch, HAWK. 9219 Total views 9 Total shares Listen to article 2:16 News COINTELEGRAPH IN YOUR SOCIAL FEED Follow ourSubscribe on * * * * * * * * 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 Explore more articles like this Subscribe to our Crypto Biz newsletter Weekly snapshot of key business trends in blockchain and crypto, from startup buzz to regulatory shifts. Gain valuable insights to navigate the market and spot financial opportunities. Delivered every Thursday Subscribe By subscribing, you agree to our Terms of Services and Privacy Policy * #Altcoin * #United States * #Memecoin 4 3 2 2 1 1 1 1 1 1 Read more * Here’s what happened in crypto today * ad Crypto super app brings account abstraction to the Solana blockchain * Layer-2 networks need decentralized sequencers — Metis co-founder Ad Editor’s Choice * Bitcoin can separate money and state — David Sacks * Telegram founder Pavel Durov questioned in Paris court for first time: Report * BTC hits $100K, Trump taps Paul Atkins for SEC chair, and more: Hodler’s Digest, Dec. 1 – 7 * Bitcoin 'Choppiness' index hints $110K BTC price will be tough to crack * Ethereum poised to copy XRP’s 390% rally toward $7.6K next Cointelegraph YouTube Subscribe Ad Ad Ad Advertise with us Ad Take back your safety in Web3 Web3 Antivirus does not endorse any content or product on this button. 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