Asmongold Says Hailey Welch’s Career Ended Due to Hawk Tuah Coin “Rug Pull” Incident

Popular Twitch streamer Asmongold has raised serious allegations against Hailey Welch, accusing her of orchestrating a rug pull involving the Hawk Tuah meme coin. He has even suggested that this misstep could spell “the end”of her career.

Launched in December, Welch’s $Hawk token experienced a rapid decline in value, leading to accusations of a rug pull and a subsequent class-action lawsuit against the project. In light of these developments, Welch has assured her followers that she intends to rectify the situation, stating that she is taking the matter “extremely seriously.”

During a Twitch stream on December 21, Asmongold addressed the controversy surrounding the meme coin. After reviewing Welch’s official statement, he shared his candid opinions and responded to viewer inquiries about the unfolding situation.

I take this situation extremely seriously and want to address my fans, the investors who have been affected, and the broader community. I am fully cooperating with and am committed to assisting the legal team representing the individuals impacted, as well as to help uncover the…

— Haliey Welch (@HalieyWelchX) December 20, 2024

Asmongold’s Reaction to Welch’s Statement

Asmongold did not hold back when discussing Welch’s predicament. He remarked, “It seems she is currently navigating legal terrain due to how severely this situation has deteriorated, which I find quite amusing.” He further critiqued her response as “complete damage control,” asserting, “It’s 100% that—she risks implicating herself further.”

In his commentary, he mused about public perception, stating, “Was it really her fault? Ultimately, that is for the court to ascertain. However, from a public perspective, the consensus is undeniably negative.”

He voiced concerns about Welch’s promotional activities for the coin, stating, “Considering her promotion and the extent of her involvement, it raises the question—why would she allow her name to be so closely tied to this?”

Asmongold further expressed his belief that Welch’s notoriety may be nearing its conclusion: “I genuinely feel that this is likely the end for the Hawk Tuah endeavor. Her moment in the spotlight has certainly reached its saturation point, and public interest has waned.”

The class-action lawsuit was filed on December 19 against Overhere Ltd, the company behind the $Hawk project, along with one of its promoters, Alex Larson Schultz. Notably, Welch’s December 20 statement marked her first social media communication since December 4.

This isn’t the first instance of backlash within the cryptocurrency space, as evidenced by the recent controversy surrounding Logan Paul’s CryptoZoo project, which led to a substantial outcry and his launch of an NFT buyback initiative to compensate affected investors.

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