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Youtube Investigator Claims ‘She Didn’t Rug $50M’

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4 months ago

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A popular TikToker, Hailey Welch, created highlights about launching a meme coin a few days ago. However, the highlights soon turned into criticism and legal threats after the token crashed within a few hours of the launch due to mass selling. Many have claimed this to be insider trading, but the Hawk coin team claims it is the snipers. Regardless, the holders became the victims as many lost their entire investment. However, a popular YouTube investigator, Coffeezilla, brought a totally unique revelation to this Hawk Tuah Girl memecoin scam, claiming that the reality is different from what many claim.

Hawk Tuah Girl Memecoin Scam Didn’t Rug $50M But $3M

The Hawk Tuah Girl Memecoin Scam unfolded when the Hawk coin’s price and market cap surged to a high on December 4 but dropped 91% within three hours.  The on-chain report revealed the mass selling of the tokens from the top token holders, which raised suspicion of insider trading. The Bubblemaps reports confirmed that 96% of the Hawk meme coin supply is intertwined and clustered in one single place, which resulted in mass selling.

Hawk Tuah Girl Memecoin

With much such information, a few analysts, like Nirsex, claimed that this Hawk Tuah Girl memecoin scam probably made $50M to Hailey Welch. However, that is controversial, as the YouTube investigator claims that ‘She didn’t rug $50M.’ However, this does not also mean that there was no scam, as the investor asserted there was a scam, especially in the tokenomics of the token.

Through an X post and a full 24-minute YouTube video, the YouTuber Coffeezilla claimed that she did rug for 500M and did not profit $50M. Instead, she might have made around $1M in fees scam. More importantly, this Hawk Tuah Girl Memecoin Scam took place as the team presold a few million tokens to ‘strategic investors’ who crashed the price with mass selling.

Can yall stop these insane headlines.
She didn’t rug for 500M and she didn’t profit $50M. FFS.

1. The team presold a few million to “strategic advisors” who sold early.
2. The token got sniped.
3. LP made >$1m on 15% fees according to the meteora tracker. https://t.co/drp6RlGog0

— Coffeezilla (@coffeebreak_YT) December 6, 2024

Breaking Down Coffeezilla’s Report on Hawk Coin Scam

The popular Youtuber Coffeezilla, with 638k followers, interacted with the popular Solana memecoin, Hawk coin team through an X live called “The Hawk Truth.” With that live, the creator interacted with three important people from this Hawk Girl coin project, including Hailey Welch, Howie Mandel, and a person who is actually managing the token. However, the X live remained inconclusive as the team failed to properly answer Coffeezilla’s questions, leading him to claim that

“This is the worst tokenomics I have ever seen, and It is a scam. Tokenomics is a scam, that is my opinion.”

Presale Led To Mass Selling

Ceffeezilla explained the Hawk Tuah Girl memecoin scam in a 24-minute YouTube video. He revealed that the reason behind this crash was that the Hawk coin team released only 3% to the Meteora pool and left the 17% allocation unlocked from day one, which led to early access, making heavy profits for early joiners and sellers.

“You guys released 3% to Meteroa while you have 17% percent of the token allocation unlocked day one on from your strategic allocation. Are you guys insane? What do you guys think exactly is going to happen when your insiders   get sent their tokens?”

More importantly, the team had this presale, which sold millions of tokens to 285 investors per Bubblemaps report. Out of these 89 wallets sold all of their Hawk coin holdings, 47 wallets sold more than 50%, 19 wallets sold less than 50% of the total holdings, and the remaining 130 HODL the token.

1/ We found that 285 investors joined $HAWK presale

• 89 wallets sold 100%
• 47 wallets sold ≥ 50%
• 19 wallets sold < 50%
• 130 wallets sold 0

💰 Total sold: $3.3M

🧵 ↓https://t.co/b3GpKDoHfG

— Bubblemaps (@bubblemaps) December 5, 2024

The YouTube investigator agreed with the stats, claiming that his on-chain analysis had the same result, which is why the token crashed. In this, one crypto trader lost $1.4 Million in just 15 mins as invested right before the token collapsed 91%.

Trading Fees Scam

Dexscreener data indicates that the biggest sniper has made $1.3M in profits.  However, the Hawk coin team made the biggest profit even without the Hawk Tuah Girl memecoin scam as they introduced heavy trading fees of 15%, making almost $3M within 24 hours of the launch.

During the X life, Coffeezilla also claimed that they generated millions of dollars in fees while the fans got the rug pulled not only from snipers but from insiders as well. He mentioned that the on-chain data indicates direct transactions from the main account, making 50k, which indicates insider trading. However, the team did not respond to the allegations entirely and joked that they would not sell for just $50K.

Nevertheless, they did answer to high fees, revealing that this was required to run the project. Additionally, in an earlier X post, Haley claimed that the high fees were to limit the snipers from mass selling, but that failed.

Hawk Coin ScamHawk Coin Scam

Concluding Findings on the Hawk Tuah Girl Memecoin Scam

Overall, the Coffeezilla claims state that apart from the possibility of insider trading, the Hawk Tuah girls and the team have made $2.8M in trading fees, which is a scam itself. More importantly, the token creators fooled the audience as the victims were Hailey Welch’s followers who lacked even basic crypto knowledge. The YouTube creator also showed concerns over transparency, as the team failed to acknowledge their mistakes, especially selling Hawk coins before launch, leading to uncontrolled selling. Another important point highlights that the ownership of the project is unclear as to who owns the profits and in what percentage, creating accountability concerns. However, he also acknowledged that the role of Hayley Welch in the Hawk Tuah Girl memecoin scam is unclear, especially about making $50M.

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Pooja Khardia

With a deep-seated passion for reading and five years of experience in content writing, Pooja is now focused on crafting trending content about cryptocurrency market.

As a dedicated crypto journalist, Pooja is constantly seeking out trending topics and informative statistics to create compelling pieces for crypto enthusiasts. Staying abreast of the latest trends and advancements in the field is an integral part of her daily routine, fueling a commitment to delivering timely and insightful coverage

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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BTC Holds $84K, ATOM & FIL Become Top Gainers

Published

10 hours ago

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April 4, 2025

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Crypto Prices Today (April 4): The broader market sentiment remains uncertain this Friday as Bitcoin (BTC) price held around the previous day’s levels, at $83K. Moving on to other metrics, the global cryptocurrency market cap jumped slightly by 0.20% to $2.6 trillion. The fear and greed index stood at 25, signaling a cautious sentiment in the market at the moment.

Major league altcoins like Ethereum (ETH) and Solana (SOL) also retained a trading session near the previous day’s levels in the interim. However, Cosmos (ATOM) and Filecoin (FIL) surfaced as the day’s top gainers by defying the broader trends.

Crypto Prices Today: BTC At $83K, Altcoins Resilient

Despite the broader market turmoil caused by Donald Trump’s announcement of reciprocal tariffs, crypto prices today have showcased resilience by preventing major downturns. After slipping to as low as the $81K mark, BTC price regained a hold above $84K today. ETH also faced heightened turbulence, although it maintained a hold above $1,800.

Conversely, ATOM and FIL tokens have defied the broader market trend to secure a spot among the day’s top gainers.

BTC Price Sits At $84K

At the time of reporting, the flagship crypto’s price chart indicated a roughly 1% increase in value and closed in at $84,211. Its market dominance was up by 0.09% intraday, reaching 62.01%. Notably, BTC has outperformed major league altcoins, as indicated by its market dominance.

Coinglass data further signaled rising market interest in the asset. Bitcoin futures OI jumped roughly 4% over the past day, reaching $54.61 billion.

Nevertheless, traders and investors reflect an uncertain stance over future price prospects as Trump’s tariffs have rattled broader markets globally. CoinGape previously reported that BTC is expected to mimic stock market actions amid global trade war tensions.

All eyes are now set on the next U.S. Fed meeting, as it could pave the way for a market sentiment shift.

ETH Price At $1,800

ETH price traded at $1,820 after recovering from $1,751 over the past day. The second-largest crypto by market cap boasted an evaluation of $220.35 billion.

Ethereum’s futures OI shot up by 3.5% to reach $20.68 billion, per the latest Coinglass data. This statistic indicated that the coin’s derivatives market is seeing heightened activity. Another buzzworthy update for Ethereum is that the Pectra upgrade is set to go live on May 7 next month.

XRP Price Jumps 2% & Defies Crypto Market Trend

Ripple’s coin XRP managed to gain over 2% despite the broader crypto market turmoil to reach $2.08. Its 24-hour bottom and peak were recorded as $1.97 and $2.10, respectively.

The latest buzz within the Ripple community remains Coinbase’s XRP futures listing. Notably, CoinGape reported that the crypto exchange behemoth filed an application with the CFTC for this listing.

On the other hand, the U.S. SEC’s recent closed-door meeting solidified the chances of an imminent settlement of the Ripple lawsuit.

SOL Price Today

Solana price hovered around the previous day’s levels and is trading at $119.27. Its 24-hour low and high were registered as $112.48 and $119.13 in the past 24 hours.

Intriguingly, Coinglass data revealed a 3% surge in Solana’s futures OI to $4.84 billion, underscoring burgeoning trading activity in the derivatives market. Solana’s market cap jumped nearly 1% from yesterday to $61.44 billion.

Recently, the U.S. SEC made a favorable approach toward crypto by acknowledging Fidelity’s SOL ETF filing.

Let’s take a look at the market’s leading gainers for the day.

Crypto Prices Today: Top Gainer

Cosmos (ATOM)

Price: $4.83
24-Hour Gains: +9%

ATOM’s price surged alongside a new trade offering unveiled by eToro recently. The social investing platform launched staking options for the crypto, paving the way for investor interaction with assets.

Filecoin (FIL)

Price: $2.95
24-Hour Gains: +8%

FIL price soars against the backdrop of its recent listing on S. Korean crypto exchange Upbit.

Pendle (PENDLE)

Price: $3.14
24-Hour Gains: +8%

PENDLE price soars alongside heightened whale accumulations, as reported by CoinGape recently.

Crypto Prices Today: Top Loser

Pi Network (PI)

Price: $0.5477
24-Hour Loss: -13%

Berachain (BERA)

Price: $5.81
24-Hour Loss: -10%

Toncoin (TON)

Price: $3.52
24-Hour Loss: -7%

Overall, the broader market sentiment remains uncertain amid macroeconomic heat. Crypto market traders and investors eagerly await major price action shifts.

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Coingape Staff

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Cardano Price Can Clinch $1 As It Eyes Bounce From New Support Zone

Published

18 hours ago

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April 4, 2025

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While predictions for Cardano to $1 may seem like a far cry, a cryptocurrency expert has injected new life into the claims. Cardano’s price is headed below 50 cents in search of a new support zone that can serve as a springboard to reach new highs.

Cardano Price Can Still Clinch $1 Despite Price Slump

Market technician Jonathan Carter in an analysis on X predicts that Cardano’s price can reclaim the $1 price point in the coming months. According to Carter, the recent ADA correction will not be a hindrance for Cardano’s price to reach $1.

ADA has lost a jarring 13% over the last week and trades at $0.64 in an unremarkable week for the cryptocurrency. On the daily charts, prices have generally moved sideways, underscoring a lack of investor enthusiasm.

For Carter, Cardano’s recent decline has seen it fail to stay above the $0.65 support level. The analyst opined that a downtrend is the offing for the Cardano price that could see a new support zone of $0.59. Carter says the new $0.59 support zone will hurl Cardano price to reach $1.

cardano headed toward new support levelcardano headed toward new support level

“Despite the long correction, the price still has a chance to bounce off this support and rise towards $1,” said Carter. “Otherwise, we will fall to the lower border of the broadening wedge.”

While some investors are eyeing an ADA bounce to $0.70, a plausible play will be a slump below $0.60 before the start of a rally.

A Slew Of Positives For ADA

Despite the pervading negative sentiment around ADA price, the cryptocurrency has a wave of positive fundamentals going for it. Cardano price spiked following Charles Hoskinson’s confirmation of Ripple’s RLUSD on ADA.

Furthermore, Charles Hoskinson reveals that Cardano will play a major role in Bitcoin decentralized finance (DeFi) application. In more positive technicals, Cardano price is forming a cyclical pattern from 2024 that can send prices to astronomical proportions in May.

While the prediction pegged prices at $2.5, optimists say ADA price to $10 is not a crazy hypothesis. The report cites present solid fundamentals and ADA’s over 1,000% spike to set its all-time high back in 2021 as pointers for the seismic rally to $10.

 

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Aliyu Pokima

Aliyu Pokima is a seasoned cryptocurrency and emerging technologies journalist with a knack for covering needle-moving stories in the space. Aliyu delivers breaking news stories, regulatory updates, and insightful analysis with depth and precision. When he’s not poring over charts or following leads, Aliyu enjoys playing the bass guitar, lifting weights and running marathons.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Binance Founder CZ Signs MoU With Kyrgyzstan For Web 3 Development

Published

1 day ago

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April 3, 2025

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Binance founder Changpeng Zhao (CZ) has inked a deal with Kyrgyzstan’s National Investment Agency to trigger Web 3 adoption metrics. Both parties have reiterated a commitment to integrate Web 3 technologies into every facet of the local economy leaning on CZ’s expertise.

Kyrgyzstan Turns To Binance Founder CZ For Web 3 Direction

According to an X post by Kyrgyzstan President Sadyr Zhaparov, the Central Asian country has inked a deal with CZ. The Binance founder and the National Investment Agency signed a Memorandum of Understanding (MoU) to develop the local Web 3 ecosystem.

Signed with the consent of the president, parties will commit to building out a thriving cryptocurrency ecosystem for residents. To achieve this, the National Investment Agency will lean on Zhao’s expertise as the Binance founder takes on an advisory role.

“The signing of the Memorandum opens new horizons for the development of digital technologies and the blockchain ecosystem in the country,” said President Zhaparov.

Furthermore, CZ says the MoU will extend to distributed ledger technology (DLT) and real-world application of blockchain outside of speculation. However, while not expressly stated, pundits theorize that the founder of the top cryptocurrency exchange will explore cross-border use cases and other financial utility for cryptocurrencies.

There are plans to train residents on blockchain, cybersecurity, virtual asset management, and other emerging technologies. The economic impact of the Web 3 initiative is far-reaching and will contribute a chunk to Kyrgyzstan’s GDP by 2030.

CZ Excited To Take On The Advisory Role

CZ has expressed his commitment to the advisory role, noting that Kyrgyzstan is the latest in a line of MoUs. The Binance founder has previously provided advisory services in both official and unofficial capacities on cryptocurrency regulatory frameworks and real-world DLT applications.

“I find this work extremely meaningful,” said CZ.

Amid reciprocal tariffs affecting crypto prices, CZ disclosed that his advisory services to countries do not extend to geopolitics.

Apart from his advisory role, Zhao has donated a portion of his wealth to disaster relief in affected regions. The latest is a hefty donation of over $1 million to earthquake relief efforts in Myanmar and Thailand. Beyond charitable donations, the Binance founder has downplayed the impact of exchange listing on token prices.

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Aliyu Pokima

Aliyu Pokima is a seasoned cryptocurrency and emerging technologies journalist with a knack for covering needle-moving stories in the space. Aliyu delivers breaking news stories, regulatory updates, and insightful analysis with depth and precision. When he’s not poring over charts or following leads, Aliyu enjoys playing the bass guitar, lifting weights and running marathons.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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