Birdwatch Note Rating
2024-12-07 09:56:06 UTC - HELPFUL
Rated by Participant: 6D370958E7804FE8153F6917FC30F128E27701D6A56E2F2222741FA1B27FF0BD
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