Birdwatch Note Rating
2024-12-07 15:25:55 UTC - HELPFUL
Rated by Participant: A6E4235D607EEF94DF6C7710D1B9A5AFCD07E8D83FF047CB80680C769F1FF595
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