Haliey Welch of Hawk Tuah Fame Faces Backlash Over Alleged Memecoin Pump-and-Dump: Report
Internet personality Haliey Welch, herself of meme fame, is facing backlash and serious accusations after the implosion of her HAWK memecoin.
According to a report from the BBC, the Talk Tuah host’s Solana (SOL)-based memecoin HAWK lost more than 95% of its value within hours after launch, prompting YouTuber Coffeezilla to accuse Welch of executing a pump-and-dump scheme.
A pump-and-dump scheme artificially inflates a coin’s value through hype or misinformation. Then, holders of that coin who bought the token cheap (or got it for free), sell those tokens at a high value, crashing the price.
In a copy-and-pasted statement on the social media platform X, Welch has denied any allegations of wrongdoing.
“Copy and pasting:
Hawkanomics:
Team hasn’t sold one token and not 1 KOL (key opinion leader) was given 1 free token
We tried to stop snipers as best we could through high fees in the start of launch on MeteoraAG
Fees have now been dropped”
However, according to a blockchain investigator and self-described “on-chain demon” who goes by the pseudonym Zeus, Welch’s claims ring untrue.
“The team hasn’t sold one token:”
In a conversation with Welch on The Matt Kohrs Show, Coffeezilla told the Talk Tuah host directly that her HAWK launch constituted “the worst tokenomics I have ever seen”, accusing Welch and her team of participating in insider trading, and adding his opinion that the launch was, indeed, “a scam.”
The authorities have not announced any formal investigations into the situation as of writing. However, if any of the alleged charges are brought to Welch and her team, she could face serious and severe legal scrutiny from the U.S. Securities and Exchange Commission (SEC).
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Featured Image: Shutterstock/Voger Design/Andy Chipus
The post Haliey Welch of Hawk Tuah Fame Faces Backlash Over Alleged Memecoin Pump-and-Dump: Report appeared first on The Daily Hodl.
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“Bitcoin Price Will Even Reach Seven Figures” – Bitcoin Suisse Founder
Niklas Nikolajsen, founder of Bitcoin Suisse, one of the oldest crypto companies specializing in asset storage, predicts a continued rise in the price of Bitcoin, even suggesting it could reach “seven figures.”
In a December 6 interview with the Neue Zürcher Zeitung, Nikolajsen also criticized crypto regulation and politics in Switzerland and praised the US under incoming President Trump as a pioneer.
US Election and Bitcoin Halving Fueling Current Bull Run
According to Nikolajsen, whose fortune is estimated at 200 to 300 million Swiss francs, Bitcoin (BTC) price will continue to rise.
“The highest Bitcoin price is in the future,” said Nikolajsen.“I was one of the few who bought a lot of Bitcoin under a dollar. When it hit one dollar, my friends told me to sell. I didn’t. And I’m still saying: we are in a bull market that will last until spring. Of course there will be setbacks, but the Bitcoin price will one day even reach seven figures.”
Nikolajsen explained that the US election accelerated the current bull run but pointed out that in a “halving” year, which creates scarcity in the market due to the halving of newly issued Bitcoins, a price spike towards the end of the year is typical.
Nikolajsen also referred to the increasing acceptance of institutional investors and Trump’s announcement that he would buy Bitcoin as a currency reserve if re-elected.
— Cryptonews.com (@cryptonews) November 8, 2024
Senator Lummis Hints at U.S. Strategic Bitcoin Reserve, Echoing Trump’s Crypto Promises
Senator Lummis proposes a strategic Bitcoin reserve for the U.S. to acquire 1 million BTC to strengthen dollar and reduce the national debt.
“If the US actually managed to buy one million Bitcoin, all players would come under pressure,” said Nikolajsen. “There would be a gold rush, he predicted, not only among small investors but also among companies and governments. The Chinese would be forced to act, as would other countries that had failed to establish their own Bitcoin reserves.”
“Switzerland Is No Longer the Right Place To Start a Crypto Company”
According to Nikolajsen, Switzerland should also hold Bitcoin as a currency reserve. “It is not in Switzerland’s interest to have an institution that buys all kinds of debt instruments in the EU and loses so much money over such a long period of time,” he argued with regard to the Swiss National Bank (SNB). Instead, the SNB should hold “good assets” such as Bitcoin.
Nikolajsen said Switzerland has lost ground in crypto regulation.
“Switzerland is still better at regulation than many EU countries, but it is certainly not a global leader,” he said. “The vision of making Switzerland a leading location for the global crypto industry “died with the personnel changes in the Federal Council.”
According to Nikolajsen, the Financial Market Supervisory Authority (FINMA) has lost its nerve and no longer grants crypto companies banking licenses.
“The authority doesn’t want crypto banks, but rather banks that “do crypto”. Unfortunately, Switzerland is no longer the right place to start a crypto company,” he added.
Switzerland Still Attracts Crypto Investors
Though no longer active in the industry since the end of 2021, Niklas Nikolajsen is still one of Switzerland’s most well-known crypto entrepreneurs.
In November, he became president of the Bitcoin Association Switzerland, an industry group aiming to strengthen Switzerland’s position as a leading hub for Bitcoin innovation.
However, not all Bitcoin investors share Nikolajsen’s pessimistic opinion. In September, Billionaire investor Christian Angermayer reportedly left the United Kingdom for Switzerland’s Bitcoin hub, Lugano.
With about 1,000 stores accepting Bitcoin, Lugano – a small town in an Italian-speaking region of Switzerland – is a real-world example of crypto in action. This is partly thanks to a partnership with Tether, which makes using crypto for everyday purchases easy.
Since 2022, Lugano has also hosted the Bitcoin-themed conference “Plan ₿ Forum” annually.
— Alex Naray
All you need to know about swiss crypto city Lugano
Lugano, a city in southern Switzerland, is becoming a leader in using blockchain technology. Mostly none of the Satoshi statue that went viral across all social media.
They have teamed up with @Tether_to to launch the… pic.twitter.com/xKpqjWcIM6
(@AlexNaray) December 3, 2024
According to a recent report by Social Capital Markets, Switzerland ranks second with a score of 74.5. It boasts 900 registered crypto companies and zero capital gains tax for long-term investors.
The post “Bitcoin Price Will Even Reach Seven Figures” – Bitcoin Suisse Founder appeared first on Cryptonews.
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