Birdwatch Note Rating
2024-12-06 21:30:33 UTC - HELPFUL
Rated by Participant: 4770ACBD5764176A4690A07B416D3585D4AD88229C78C546DD7D8C702B355173
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