- The company Overhere, claiming to have built the “airdrop tech” for the HAWK memecoin, is blaming Haliey Welch and her team for the token’s failure.
- Overhere alleges that it worked on the project for free with no official contract and was misled by Welch’s team about their intentions.
- Overhere is calling for Welch’s team to take responsibility, for Alexander Larson Shultz (Doc Hollywood) to step down, and for a full treasury audit.
The controversy surrounding the Hawk Tuah Meme Coin scandal continues to intensify as blame is passed around. The company, Overhere, which claims to have developed the airdrop technology for the HAWK memecoin, points fingers at Haliey Welch for the dramatic collapse of the token.
The Accusation Against Haliey Welch
Overhere, the company that professes to have pioneered the HAWK meme coin, named after internet celebrity Haliey Welch, has placed the blame for the token’s failure squarely on her shoulders. Despite the initial hype and fanfare that surrounded the launch of HAWK on Solana in early December, the value of the token plunged by more than 90% within hours. This rapid decline led disgruntled investors to label the launch a classic rug pull, where a project is abandoned after funds are garnered from unsuspecting buyers.
Overhere’s Defense and Allegations
In an attempt to clear its name from any wrongdoing in the scandal, Overhere has posted a detailed thread on X, laying the blame on Haliey Welch and Alexander Larson Shultz, also referred to as Doc Hollywood. Shultz, the son-in-law of Canadian actor and comedian Howie Mandel, was a key player in the HAWK team. Overhere claims that it worked on the project without any formal contract or financial compensation, and insists that the technology behind the launch still functions. The company even extends an invitation to ‘real fans’ to claim their tokens.
Public Reaction to Overhere’s Defense
Despite Overhere’s efforts to portray itself as a naive firm deceived by Shultz and Welch, responses to their thread suggest that the public isn’t convinced. Critics accuse Overhere of attempting to manipulate the narrative to absolve itself from launching a scam. One respondent sarcastically commented, “Our goal was simple – bring web2 grifters into web3 to rug it seamlessly.”
The Current State of HAWK
As of the time of reporting, HAWK was trading at 0.0001219, a drastic drop of 93.8% in the last twenty-four hours. The token had previously achieved a high of 0.0003703 on December 5, according to data from Cryptocom.
Conclusion
The Hawk Tuah Meme Coin scandal serves as a stark reminder of the volatility and unpredictability that can accompany cryptocurrencies. As accusations continue to fly, the true culprits behind the token’s implosion remain to be seen.
