Birdwatch Note Rating
2024-12-07 02:59:47 UTC - SOMEWHAT_HELPFUL
Rated by Participant: 946039A1632E4EB325BBAAD50BE5E3A790A31FD3CF9F040213DA7F2607A0F21E
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