Birdwatch Note Rating
2024-12-06 23:23:40 UTC - NOT_HELPFUL
Rated by Participant: D8D9B033DB01973A0F664E38818450C6C3AFA30F7B99EC9989DA4E25E887ED40
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