Summary
- Hailey Welch, also known as Hawk Tuah Girl, made her first significant public appearance at a celebrity poker tournament in Las Vegas, following controversy surrounding the $HAWK token.
- The $HAWK token soared to a $500 million market cap but then plummeted to nearly zero, sparking investor outrage and allegations that the project was a "rug pull."
- Welch expressed regret about the incident and felt remorseful for her involvement with the project, admitting she did not fully understand it.
Hailey Welch, popularly known online as Hawk Tuah Girl, has reemerged at a celebrity poker event at Aria in Las Vegas. This marks her first public appearance since the controversy surrounding her $HAWK cryptocurrency, which fans and observers criticized as a potential rug pull.
Hawk Tuah Girl is back in the public eye at a poker tournament
Rug pulls are a form of cryptocurrency scam where developers create a token, artificially inflate its value through hype or added liquidity, and then abruptly withdraw their funds. This sudden exit causes the token's value to plummet, often to nothing. Many crypto tokens depend on investor trust rather than intrinsic value or central bank backing. Consequently, when the creators make a sudden exit, it triggers a panic sell-off among remaining holders, rapidly depleting the token's market capitalization. After several months away from the public eye, Haliey
Respectable placement in the tournament, but what’s next for Welch?
Nonetheless, she managed to secure a respectable fifth place out of the 10 possible positions. When questioned about whether she was using her own money, Welch admitted uncertainty, suggesting that the hosts would likely know the details. She acknowledged the distress of those who have lost money and advised against associating your name with just anything, as it is often unwise.
