Birdwatch Note Rating
2024-12-06 21:53:59 UTC - NOT_HELPFUL
Rated by Participant: 9D7859F03F254CACD3400188EC74815A086C13E951C3E6D6D74782C3EE4A8516
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