**News Flash: Memecoin Drama Unfolds with 'Hawk Tuah'**

Hailey Welch, known for her viral TikTok fame, is in the spotlight again, but this time for the controversial Hawk Tuah (HAWK) memecoin. After its December launch, HAWK skyrocketed to a $500 million market cap, only to plummet by 90%, sparking rug pull accusations.

Welch, who promoted the token but isn't named in the lawsuit, is cooperating with lawyers representing affected investors. Blockchain data reveals a wallet that profited over $1 million, intensifying the scrutiny. The SEC's stance on tokens as securities adds uncertainty to potential legal outcomes.