Birdwatch Note Rating
2024-12-06 22:06:20 UTC - HELPFUL
Rated by Participant: 8622801CFF91545BF9F6771FBE018C9F10EB671CDD0851C87F76E3E80AD0100F
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