Haliey Welch, the 22-year-old who rose to fame this summer for her viral “hawk tuah” TikTok video, is coming under fire for what many view as a disastrous launch of her cryptocurrency.
In Welch’s latest career move since achieving celebrity status, she attempted to launch her own so-called “meme coin,” a form of cryptocurrency created as a form of entertainment. But shortly after she and a team of advisors launched $HAWK on the blockchain platform Solana on Wednesday evening, its value almost immediately plummeted.
Now, some are suggesting that Welch may have run afoul of the Securities and Exchange Commission, an independent oversight agency that regulates financial markets, including cryptocurrency.
According to a report from Rolling Stone, some investors in the currency have already filed complaints with the SEC, alleging that what took place could have been what’s known as a “rug pull” – when developers hype up a crypto project…
