Recently, there's been excitement in the Solana ecosystem, mainly due to the impressive rise of memecoins. We've seen the likes of BOME, SNAP, and today, SLERF is performing well. There have been promising announcements regarding cex adoption, with platforms like Bitget, MEXC, and OKX all joining in. SLERF has already achieved a market capitalization of 400 million in just a few hours. The hype is crazy. Are you holding any?
It doesn't take long to build memecoins so this is just one of those hype memecoins and am not triggered about it. Perhaps the fact that SOL has been doing so well before and after the upward price movement, Obsessed investors seem to have gotten so interested and launched the memecoin. In my opinion i think the time has passed to buy memecoin. It is nothing but pump and dump so let's be careful. Unless we are willing to lose if it eventually happens. But for me i can't take the risk.
I also believe memecoin is not for everyone. There must be a level of finance you must have before you will have the guts to risk your money around memecoin. Altcoins are risky but memecoins are riskier to invest in. I can't sleep at night if have my investment in memeocin lol