- OverHere team breaks silence after 12 days, denying profit from HAWK token launch.
- Team points to “Doc Hollywood” as responsible for key token decisions and treasury control.
- Haliey Welch remains inactive on social media since the token’s price collapse.
- Token price dropped from $0.000856 to $0.0000000000164, marking a 100% decrease.
- Coffeezilla reports pre-sale tokens were sold to strategic advisors who executed early sales.
The development team behind the failed HAWK token launch has emerged after 12 days of silence, attributing the project’s collapse to unauthorized decisions and mismanagement by a key figure known as “Doc Hollywood.”
Responsibility Dispute Emerges
OverHere, the technical team behind the token, released a statement claiming their role was “unofficial” and “uncontracted.” The team stated that Doc Hollywood maintained exclusive control over:
- Token decision-making processes
- Fee structure implementation
- Treasury management
Financial Impact and Market Response
The token’s price movement tells a stark story:
- Initial peak: $0.000856
- Current price: $0.0000000000164
- Total decline: 100% from all-time high
Cryptocurrency investigator Coffeezilla revealed that strategic advisors received pre-sale tokens and sold their positions early. The implementation of a 15% transaction fee further complicated trading dynamics.
Project founder Haliey Welch’s last social media message before disappearing stated, “I’m going to bed, I’ll speak to y’all in the morning,” which has since become a subject of community memes.
OverHere has called for several remedial actions:
- Complete treasury audit
- Doc Hollywood’s resignation
- Active engagement from Welch’s team
Questions remain about the project’s offshore entities, including a Cayman Islands foundation and British Virgin Islands business structure, which the team has yet to address.
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