Birdwatch Note Rating
2024-12-07 22:40:53 UTC - HELPFUL
Rated by Participant: 856BCA825056D5F228FF0E6A95AC26AFE701EF553E88CD9FC984BC3037A2D298
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