Birdwatch Note Rating
2024-12-07 06:13:56 UTC - HELPFUL
Rated by Participant: 67483D119048AB5F4B0F629FE07A27C4EA70F5B010944E453D438E37E74FB94E
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