Birdwatch Note Rating
2024-12-07 05:54:57 UTC - SOMEWHAT_HELPFUL
Rated by Participant: 258E4216A1268DDE13D1EE8BB15623633CD721361A603D1B4552609DABEBA422
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