Quote from: bluebit25 on July 05, 2024, 04:52:47 PM

I don't think too much about the story behind the word memecoin, but some of it is based on the fact that it is a meme that has a tradition in cyberspace and when tied to blockchain it is considered the most prominent meme that it pursues.

Some examples are TROLL, WOJAK, BOB,...

But still want to express that with memecoin it is too exaggerated when many things are produced so easily so sometimes we witness rugbull incidents, so we should also frankly look at the risks we have available. ready to face.

There are dexscreener's moonshot which minimize malicious code that could cause rugpull since from their platform mentioned that the coin that went through their platform has no insider and also renounced ownership but this platform is also kinda detrimental as well because it caused money in solana meme coin to be spread too thin most of the meme coin just died after few days with lacking volume and people outright dumping it which honestly I still call it soft rugpull because undeniably the people with big capital has the upperhand to rekt people with lesser capital.

but yeah overall most of meme coins are exaggerated, some are being shilled by KOLs just to experience temporary pump and then full dump moving forwards.