Birdwatch Note Rating
2024-12-06 23:34:00 UTC - HELPFUL
Rated by Participant: C12B120CC0083216D34B04F323E5F5E534C220AD0450ED9B1630DC009812869A
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