Coffeezilla Exposes HAWK Crypto Scam: What Are the Allegations?
Mustafa Mulla5 Dec 20241 min read
Stephen Findeisen, better known as Coffeezilla, recently took to X Spaces to confront social media influencer Hailey Welch over her controversial HAWK meme coin crash. In a tense exchange, Coffeezilla didn’t hold back, accusing Welch of scamming her followers, which sparked outrage in the crypto community. He called the $HAWK launch “one of the most miserable and horrible” events he had ever witnessed, leaving investors with millions in losses.
Keep reading to find out how this story unfolded and what comes next for HAWK.
The Rise and Fall of HAWK
HAWK, a meme coin launched by viral influencer Hailey Welch, quickly became the center of a storm after its dramatic rise and sudden collapse on Wednesday. The token initially surged to a market cap of nearly $425 million, drawing widespread attention.
However, the excitement was short-lived as the coin plummeted by 91%, dropping to just $30 million within hours. As of now, HAWK is trading around $48 million, still well below its peak value.
Coffeezilla’s Strong Accusations
During the heated X Space discussion, Coffeezilla, known for exposing crypto scams, didn’t hold back. He accused Welch of being involved in insider trading and sniping, raising concerns about her team’s actions during the launch.
Welch denied any wrongdoing, claiming that no free tokens were distributed to her team or influential promoters.
Tensions Escalate
The situation took a dramatic turn when Coffeezilla was unexpectedly removed from the space.
As frustration grows, many investors are demanding accountability for the disastrous launch. Some are even considering legal action, with one community note humorously suggesting that Welch might soon have to “talk tuah” with a judge about the scandal.
