Birdwatch Note Rating
2024-12-07 00:19:34 UTC - HELPFUL
Rated by Participant: 0FC3BBECBC3A56830EC389908F486A5AC0AC701E00F931CE73B5CA3E58D490A3
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