Did the Hawk Tuah Girl Really Steal $50M?

18 Dec 2024 · 5 min
4:58

In this episode Eric Siu and Neil Patel, joined by Coffeezilla and an unnamed participant (Speaker C), dissect the alleged $50 million rug pull involving a celebrity‑styled meme coin dubbed the Hawk/Tua (Hot Tua) Coin. The hosts outline how the coin was launched, promoted via a Twitter/X Space, and then abruptly abandoned while the team allegedly dumped the majority of the token supply. On‑chain data cited by Coffeezilla shows 96 % of the supply concentrated in a single wallet cluster, with 89 wallets selling 100 % of their holdings immediately after the presale, contradicting the team’s claim that no tokens were sold. The discussion moves to the fallout: investors losing millions, legal firms considering lawsuits, and the broader risk of celebrities being exploited by inexperienced advisors. Eric and Neil express sympathy for the influencer, noting her rapid brand growth and lack of crypto expertise, while also lamenting the victims. The segment ends with a brief promotion for Karrot, an account‑based LinkedIn advertising tool, before the usual podcast sign‑off.

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