Birdwatch Note Rating
2024-12-06 22:17:57 UTC - SOMEWHAT_HELPFUL
Rated by Participant: 4B189002D80D09CF5F3C8247F05A1A7D68CC92D4F4EF404C9D93C6BCBF572CFC
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