Haliey Welch, the media executive behind the Talk Tuah podcast, has launched a memecoin called $HAWK in partnership with overHere. However, the token's market capitalization has plummeted from $400 million to under $20 million, leading to accusations of it being a scam. The project has faced criticism for its token distribution plan and lack of utility. The team behind overHere has denied accusations of selling the token. Additionally, there is confusion surrounding the Cayman Islands foundation and British Virgin Islands business associated with the project. Welch and overHere have not responded to inquiries regarding these issues. Some users have defended Welch, while others have launched competing memecoins based on the controversy.
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