The staff behind Haliey Welch’s controversial “Hawk Tuah” crypto venture HAWK, has lastly spoken out after 12 days of silence within the wake of the token’s collapse.
Welch herself has additionally been absent from her social channels because the token’s botched launch. The very last thing she mentioned was, “I’m going to bed, I’ll speak to y’all in the morning,” which spawned a collection of memes joking that she’s nonetheless asleep.
Nonetheless, the staff that launched the HAWK token, overHere, which had been silent since December 5, lastly spoke yesterday in an try and distance itself from the mess.
OverHere claims its function was “unofficial” and “uncontracted.” As such, it says it obtained no charges and made no revenue from HAWK’s launch. As a substitute, it locations a lot of the blame on “Doc Hollywood,” who apparently “controlled all token decisions, fees, treasury.”
Can yall cease these insane headlines. She didn’t rug for 500M and she or he didn’t revenue $50M. FFS.
1. The staff presold a couple of million to “strategic advisors” who bought early. 2. The token obtained sniped. 3. LP made >$1m on 15% charges based on the meteora tracker. https://t.co/drp6RlGog0
— Coffeezilla (@coffeebreak_YT) December 6, 2024
Coffeezilla correcting misinformation on the Hawk Tuah launch.
Doc Hollywood was allegedly silent regardless of “market chaos” and “watered down” participation circumstances, together with shelving of a deliberate token lock-up. It was additionally allegedly his resolution to implement the 15% charges and he apparently lied about overHere’s capability within the venture.
As for overHere, it admitted that it ought to’ve spoken out sooner and that it trusted the improper companions whereas spending an excessive amount of time fixing different folks’s mess. OverHere claims that Welch’s staff must step up, Doc must step down, and a full treasury audit is required. It mentioned, “Without Haliey’s engagement, nothing changes.”
OverHere has, nevertheless, failed to handle the aim of a Cayman Islands basis and British Virgin Islands enterprise the staff repeatedly referred to in an X Areas.
Based on Crypto Sleuth Coffeezilla, the staff pre-sold thousands and thousands of tokens to buyers who then dumped their holdings when the token sale went stay. There was additionally an issue with a crypto sniper and the staff additionally carried out transaction charges of 15%.
At launch, the token hit a excessive of $0.000856 earlier than plummeting in worth. It’s now at $0.0000000000164, having decreased by 100% since its all-time excessive.
