Birdwatch Note Rating
2024-12-06 22:38:17 UTC - HELPFUL
Rated by Participant: AA8BD40BD3305BBF1109EFC9047B6DE529CF3D22A1AE8E59990A18889A5554C0
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