【Korea】

She's awake!

Viral internet star Haliey Welch has resurfaced for the first time in weeks,Korea less than 24 hours after Mashable published a report on her disappearance following the failure of her "Hawk Tuah" branded memecoin $HAWK.

In a statement provided to Mashable and posted on her X account on Friday, Welch said she was looking to help her fans who experienced financial losses due to the failed $HAWK memecoin. Welch is urging anyone affected by the crypto crash to get in touch with the law firm that filed the lawsuit against $HAWK's creators on Thursday.

The last time the public heard from Welch was during an X Spaces audio stream on the night of Dec. 4, which went into the early morning the next day. During the stream, Welch and the cryptocurrency group behind the memecoin project attempted to explain to investors why $HAWK collapsed shortly after it launched earlier that day.

"Anywho, I'm gonna go to bed and I'll see you guys tomorrow," Welch said, interrupting a conversation on the stream before it ended. Since then, Welch has been MIA to the public for more than two weeks. Her popular weekly podcast, Talk Tuah, failed to release new episodes during that time as well. The most recent episode of the podcast was published on Dec. 3, just one day before the crypto launch.

Haliey Welch's first public statement on $HAWK's collapse

Based on Welch's statement, it appears the young viral star is alleging that she did not have an active role in the $HAWK memecoin project, aside from lending her brand and star power to the promotions for it.

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"I take this situation extremely seriously and want to address my fans, the investors who have been affected, and the broader community," reads Welch's statement. "I am fully cooperating with and am committed to assisting the legal team representing the individuals impacted, as well as to help uncover the truth, hold the responsible parties accountable, and resolve this matter. If you have experienced losses related to this, please contact Burwick Law using the link below: https://www.burwick.law/newclient."

Welch launched an official memecoin based on her viral "Hawk Tuah" catchphrase, $HAWK, on Dec. 4. As is the case with many celebrity and influencer backed cryptocurrency projects, $HAWK was rug pulled. This typically means that a few insiders who held the majority of the crypto tokens, likely via a pre-sale before the general public had access to the token, dumped their holdings shortly after the memecoin launched to the public. 

For $HAWK, this meant that the coin's market cap fell by millions of dollars shortly after launching. Some of Welch's fans and investors in the crypto token claim to have lost thousands of dollars in just minutes.

Welch's statement comes just one day after another statement from a cryptocurrency company that has ties to the failed memecoin project called OverHere. According to the group, the individual to blame for the failure of the launch was music producer and crypto promoter Alex Larson Schultz. Schultz, who also goes by the moniker Doc Hollywood, "controlled all token decisions, fees, treasury" according to OverHer

Welch allegedly received a sponsorship fee to promote the memecoin and brand it with her viral slogan. Sources close to Welch claim she did not have a role in the creation or development of the $HAWK project beyond that and that she was taken advantage of by the responsible parties in order to capitalize on her viral success.

And Talk Tuah fans, fear not. It appears that Welch is planning to continue her podcast as soon as she clears up what her involvement in $HAWK actually was.