Coffeezilla Calls Out Misinformation Surrounding Hawk Tuah Memecoin Launch

Coffeezilla Calls Out Misinformation Surrounding Hawk Tuah Memecoin Launch

YouTube investigator Stephen Findeisen, better known as Coffeezilla, has strongly criticized the misleading headlines circulating about influencer Hailey Welch, also known as "Hawk Tuah," following the controversial launch of her memecoin, HAWK. In a December 6th post on X (formerly Twitter), Coffeezilla addressed the false narratives spreading across social media, calling for a halt to the sensationalism.


Setting the Record Straight on Hawk Tuah's Memecoin

In his post to his 638,900 followers, Coffeezilla directly confronted the claims circulating about Welch's involvement in the HAWK token's launch. "Can yall stop these insane headlines. She didn’t rug for 500M and she didn’t profit $50M,” Coffeezilla wrote, referring to the widespread rumors suggesting Welch had taken millions in profits or scammed investors. According to Coffeezilla, these claims were exaggerated and based on misinformation.


Coffeezilla outlined what he believes to be the true sequence of events surrounding the memecoin's controversial launch on December 5th. He stated that the team behind HAWK "presold a few million" tokens to strategic advisors who allegedly sold early, which was followed by the tokens being “sniped” — meaning that some wallets rapidly purchased tokens during the launch, causing the price to pump briefly before it quickly dumped.


Despite the negative reactions to the launch, Coffeezilla urged people to focus on the known facts and avoid jumping to conclusions. "Lots to criticize here and I do, but let’s stay to what we know. Team made a few million," he said, though he clarified that the exact amount of profits made was still unclear.


Clarifying the Financial Situation

Coffeezilla also provided insight into the financial side of the HAWK token launch, sharing that according to Welch's lawyer, the influencer personally saw about $125,000 in profits, with her remaining tokens set to unlock in a year. However, he stressed that it was still "currently unknown" where all the profits from transaction fees and presale events went.


The YouTube investigator also addressed rumors of potential lawsuits, dismissing them as false. "Oh and she isn’t being sued (yet) so literally everything in this post is misinformation," Coffeezilla clarified. His statement directly contradicted claims made by the United States law firm Burwick Law, which had suggested that victims of the HAWK launch should contact the firm to understand their "legal rights."


Welch Responds to the Backlash

Hailey Welch, the face behind Hawk Tuah, has since addressed the controversy in a December 5th post on X, in which she defended the launch. She stated, “Hawkanomics: Team hasn’t sold one token and not 1 KOL was given 1 free token. We tried to stop snipers as best we could through high fees in the start of launch." Welch’s comments aimed to clarify the team’s intentions and minimize the impact of the price dump caused by the sniping.


The Takeaway

The launch of the HAWK memecoin has undeniably sparked debate across the cryptocurrency community, with Coffeezilla calling for a more grounded, fact-based approach to the situation. While the launch was certainly controversial, it’s important to differentiate between speculation and the verifiable facts. For now, much remains unknown about the full extent of the financial outcomes, as well as any potential legal repercussions.


As the situation develops, it remains crucial to follow credible sources and refrain from amplifying unverified claims that could further escalate the controversy.

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