Birdwatch Note Rating
2024-12-07 00:22:53 UTC - NOT_HELPFUL
Rated by Participant: 3FF13B9DC63819F73CAA48EC9724FDF42719A4DE8B0A96A50D3FD7607FB60619
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