Often I find there are some projects that are just doing it for personal gain by taking advantage of the current market situation. I think there is no doubt that they create coins just for hype, they provide lucrative lure to attract investors, we should be careful before choosing a project to trade on any of the memecoins.
Welcome to the Crypto world...
As the attention of retail investors, speculators, and institutional investors continues to increase towards crypto,
so does the attention of scammers and fraudsters.
Rug Pulls, Pumps, and Dumps is one of the many crimes that crypto investors should be wary of.