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Several meme coin projects I bought on Solana has rugged me my hard earn money and a lot of projects are succumbing to rug investors and crypto lovers.
Yet Solana Blockchain network is paying insipid attention to it or no process of verifying a real project before launch. They give room for every one to launch on their network where by bringing fake or scam projects onboard. And I begin to think otherwise, if they really don't know about all this scam projects.
I stand to be edify as I'll be looking out for your opinion in this thought.!
I don't know with this one, but I don't think that any blockchain can verify which projects that are being created under it are legit, and which are scam. Like they always say "A scam project isn't a scam project unless they do".
You bought shitcoins and rugged your money? Quite unfortunate for you, but you're not the only one experiencing that because there are many investors out there that also lost their money because they invest into a meme coin that rugged them in the end. Solana, and any other blockchain don't care if the project is a scam or not. It's up to the investors to verify which are scam and which are not. It happened when ICO projects way back in 2017 were very hyped, and scam projects are very rampant at that point.
It happened as well when DeFi was hyped. It happened again when NFTs are hyped. Now it's happening again with meme coins. The only thing that you can do is to move on, move forward and adjust your strategy. Maybe focusing on top coins would be beneficial for you. Good luck OP and I hope you will not get rugged soon.