Birdwatch Note Rating
2024-12-07 00:05:30 UTC - HELPFUL
Rated by Participant: B687E29FB707C55EB5AF196F5CA4862C696D6EF05D9B9A322643BF46440FEEEC
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