Gate News reports that on March 21, internet celebrity Hailey Welch recently reflected on the launch of the Meme token HAWK during an interview with “Channel 5 with Andrew Callaghan.” She stated that on the day of the token launch, she recorded two podcasts and noticed that the person responsible for managing the token was pacing nervously back and forth. After recording, she opened TikTok and found posts claiming she was going to jail, which caused her to panic due to the rumors. Subsequently, she cooperated with FBI and SEC investigations, even sending her phone for forensic analysis for several days. The SEC ultimately cleared her of any wrongdoing. She said the incident left her with deep psychological scars, and she was afraid to go out for several months. Hailey Welch launched the Meme token HAWK in 2024, which at one point reached a market cap of about $400 million, then plummeted over 90% to around $37 million. As of press time, its market cap has dwindled to only $1.08 million.
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