Birdwatch Note Rating
2024-12-07 22:37:24 UTC - HELPFUL
Rated by Participant: D413C1606CAD4EEBFD230F40032BECE720E616DF33FD3E658793054B6AD1EFEC
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