Coffeezilla Critiques Hawk Tuah Crypto Token in Intense Exchange with Haliey Welch

Heated Exchange Between Coffeezilla and Haliey Welch Over $Hawk Token Launch

On November 26, 2024, influencer Haliey Welch debuted her new cryptocurrency token, $Hawk, generating significant buzz among her followers. In a flurry of engagement on the platform X (formerly Twitter), supporters eagerly posted about their investments, fueling a rapid ascent in the token’s value.

However, the excitement was short-lived. By December 4, reports surfaced of a sharp decline in $Hawk’s market cap, resulting in financial losses for some investors. This led to intense scrutiny from the community, particularly from renowned crypto investigator and YouTuber Coffeezilla.

Investigative Commentary from Coffeezilla

In a series of pointed tweets, Coffeezilla warned followers against investing in $Hawk, emphasizing the inherent risks associated with memecoins. “Please do not put your money in ‘hawk tuah’ coin,” he cautioned. “Memecoins always benefit A.) insiders. B.) trading bots. Don’t be exit liquidity.”

Memecoins always benefit A.) insiders. B.) trading bots. Don’t be exit liquidity. 🫡 pic.twitter.com/6jXcvOKauk

— Coffeezilla (@coffeebreak_YT) December 5, 2024

Following his warnings, Coffeezilla engaged in a live discussion on X Spaces with Haliey Welch and representatives from the $Hawk project. He expressed deep concern about the launch, describing it as “one of the most miserable, horrible launches I’ve ever seen.” His investigation indicated that while the project generated over $1 million in fees, many investors faced significant losses, raising allegations of insider trading linked to the creators.

A Hawk Tua rug pull 😂😂😂 First Tits McGhee now Hawk Tua girl. What a world. pic.twitter.com/Yf9Z72xMr6

— Dave Portnoy (@stoolpresidente) December 5, 2024

In response to Coffeezilla’s accusations, a project representative defended $Hawk, asserting that it had not experienced a rug pull, despite the observable drop in value. Coffeezilla countered with his view on the project’s structure, labeling its tokenomics as “the worst I’ve ever seen” and declaring it a scam.

Ongoing Scrutiny of Influencer Crypto Tokens

This incident is not Coffeezilla’s first rodeo in questioning the legitimacy of influencer-backed cryptocurrencies. His critiques have previously extended to figures like Logan Paul regarding the failed CryptoZoo project, an NFT initiative that promised engaging gameplay that never materialized. This scrutiny culminated in Logan Paul filing a defamation lawsuit against Coffeezilla amidst growing tensions over the allegations.

As the crypto landscape continues to evolve, discussions surrounding transparency and accountability in influencer-led projects remain critical. Investors are encouraged to conduct thorough research and approach these emerging tokens with caution.

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