Haliey Welch, known for the viral Hawk Tuah meme, has been cleared from the SEC investigation regarding the HAWK coin, which crashed by 95%.
Accusations against Haliey Welch
In December 2024, the HAWK meme coin experienced a 95% crash just hours after its launch. Many speculated Haliey Welch may have been involved in what was suspected to be a 'rug-pull' scam. HAWK initially reached a market cap of over $500 million before quickly plummeting to $25 million.
Investigation and Findings
According to Haliey Welch in interviews, she fully cooperated with authorities for several months. Her lawyer, James Sallah, stated, 'The SEC closed the investigation without making findings against or seeking sanctions from Haliey.' As a result, Welch remains free to engage in crypto and securities activities.
Reaction and Impact on Investors
Despite the HAWK collapse and the lawsuits from investors, the SEC has made no public commentary regarding the investigation. However, many investors remain frustrated with their losses and continue to seek clarity and support from regulatory bodies.
While the investigation into Haliey Welch has concluded, many investors remain dissatisfied with the fallout from the HAWK crash and call for clarity and support from regulators.
