'Hawk Tuah' Girl Hailey Welch Shares Meme After SEC Shuts Probe On $HAWK | Watch

Hailey Welch, the creator who went viral for the 'Hawk Tuah' video, has claimed that the Securities and Exchange Board (SEC) has closed the investigation into her meme coin, $HAWK, which crashed 95% within hours of being launched. Reacting to the news, Welch shared a meme from the official X handle of $HAWK meme coin. Here's the meme: Welch, who was accused of a crypto scam after the 95% price crash of the $HAWK meme coin, revealed that the SEC has stopped investigating her case, and will not pursue any charges, as per a report by TMZ. The viral sensation-turned-creator was accused of running a crypto scam, with allegations of insider trading, after the massive price crash of the $HAWK coin, just hours after launch. Welch launched the $HAWK meme coin on the Solana blockchain and the token's market capitalization quickly surged to approximately $500 million. However, Within minutes of reaching its peak, $HAWK's value plummeted by 88%, reducing its market cap to around $60 million. Investors accused Welch and her team of orchestrating a "pump and dump" scheme. Welch denied the allegations, saying her team has not sold the meme coin.