Birdwatch Note Rating
2024-12-07 21:23:13 UTC - HELPFUL
Rated by Participant: 05C32141E3A2301389D4F6FB0F6F0925D28B28FA739D0AEC02C27577F77D497B
Participant Details
Original Note:
$50M is trading volume, and cannot be associated to Welch's profit. Memecoins are highly speculative and are vulnerable to "snipers" and "insider wallets" who hoard coins at launch and then dump them. Welch's team insists they sold no coins. https://cointelegraph.com/news/hawk-tuah-memecoin-dumps-90-percent-outrage-token-launch-insider
All Note Details