Birdwatch Note Rating
2024-12-06 22:21:03 UTC - HELPFUL
Rated by Participant: 51403B7AC13BF98ED817C7EBF041A0E6732B360C74607ECBC4826DF211E672E2
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