YouTube researcher Stephen Findeisen, known as “Coffeezilla,” called for an end to the spread of misleading headlines about viral influencer Hailey Welch (also known as “Hawk Tuah”) and her controversial HAWK memecoin launch in an X post on December 6 to his 638,900 followers.

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

CoffeeZilla: ‘Let’s stay to what we know.’

Coffeezilla claimed that the team behind the memecoin made a “presale of a few million” to strategic advisors who allegedly “sold early” before the tokens were “sniped.”

This statement came after the backlash on social media following Hailey Welch’s Hawk Tuah memecoin launch on December 5.

The newly launched token briefly pumped and then rapidly dumped after its controversial deployment, leading to allegations of sharp sales and insider wallets.

Since then, many speculations have spread online, from lawsuit rumors to claims of profits related to the memecoin. However, Coffeezilla stated that most of these are misinformation.

“Lots to criticize here and I do, but let’s stay to what we know. Team made a few million,”

CoffeeZilla said while reiterating the “exact amount” is unknown. “According to Hawk’s lawyer she’s seen $125k and her tokens unlock in a year,” he said.

Coffeezilla Denies Lawsuit Claims

Coffeezilla stated that it is “currently unknown” where all the profits from the transaction fees and presale have gone. In the meantime, he mentioned that no legal action has been taken yet:

“Oh and she isn’t being sued (yet) so literally everything in this post is misinformation.”

These statements came after the U.S.-based Burwick Law firm suggested in an X post on December 5 that those affected by the launch should contact the firm to understand their legal rights.

Welch’s most recent post on X regarding the matter, shared on December 5, included the message after she claimed to be “copying and pasting”:

“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 fee’s in the start of launch.”

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