Haliey Welch, the internet sensation known as the "Hawk Tuah Girl, " has announced she is working closely with lawyers to address the fallout from the $HAWK crypto coin's crash. The coin, named after her viral catchphrase, saw its price plummet soon after its launch. Investors later sued the coin's creators, claiming it was unregistered with the SEC. Despite not being named in the lawsuit, Welch is cooperating with legal teams to help those affected.

Memecoins like $HAWK, inspired by internet memes, often have volatile market performances. Welch, who entered the crypto world after her interview went viral in June, has been promoting $HAWK on social media platforms. She initially saw crypto as a way to interact with fans after attending crypto conferences. Although she faced accusations of promoting a scam, Welch and her team denied selling any of their holdings.

The lawsuit highlights the risks involved in memecoins and the influence celebrities have on investments. Lawyers involved in the case emphasized that institutional greed has sometimes exploited celebrities and their fans in these ventures. Welch, through her cooperative stance, hopes to uncover the truth and hold responsible parties accountable.

Web Star Joins Forces with Lawyers After Meme Crypto Crash

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