Hawk Meme Coin Fiasco Enters Blame Game

Overhere, the company behind the HAWK meme coin, has distanced itself from the token’s collapse, directing blame toward Haliey Welch, better known as Hawk Tuah Girl, and her team. The token, launched on Solana earlier this month, quickly lost over 90% of its value, leaving investors furious and accusing the project of being a classic rug pull.

The situation escalated when Overhere published a detailed thread on X (formerly Twitter), explaining its side of the story. In the post, the company claimed it had no formal contract or financial compensation for its work on HAWK. Overhere described itself as a well-meaning team that underestimated the challenges of transitioning from traditional online communities to the blockchain space.

“Our goal was simple – bring web2 fans into web3 seamlessly. For free,” the thread stated. Despite these intentions, Overhere admitted to continuing the project “through rose-tinted glasses,” even as issues emerged.

The controversy centers on Alexander Larson Shultz, also known as “Doc Hollywood,” a key figure in the project and son-in-law of comedian Howie Mandel. Overhere accused Shultz of mismanaging the project while leveraging Welch’s fame to attract attention. The company called for Welch’s team to take control and demanded a full audit of the project’s treasury, emphasizing that the underlying technology still functions and tokens remain available for claim by “real fans.”

“This project needs Hailey’s team to step up, Doc to step down [and a] full treasury audit,” Overhere stated. “Ready when you are Hailey Welch.”

The response to Overhere’s statements has been scathing. Social media users dismissed the company’s thread as insincere and criticized its attempt to shift responsibility. Comments ranged from sarcastic jabs to outright accusations of wrongdoing.

One user questioned, “Are you trying to spin the facts because you know you launched a scam?” Another labeled the thread “the worst I’ve ever read,” while someone sarcastically paraphrased Overhere’s goals as “bringing web2 grifters into web3 to rug it seamlessly.”