Birdwatch Note Rating
2024-12-06 22:14:09 UTC - HELPFUL
Rated by Participant: F2F9AAF1EBEDAF29CEC4070EDFC033E06826F0894AD8720F7E89E8013C59380E
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