Few days ago, a memecoin investor invested a whooping $1,000,000 dollars in MBAPPE coin and within an hour, his investment was brought down to $9,200 dollars when the scammer removed liquidity causing the price to plummet. Now, this is just one of many sad stories of investing in memecoins.
Well, one of the sad stories regarding meme coins indeed. I hope that the investor is find by now because losing nearly a million dollars in just an hour is just ridiculous. I hope that this scenario will teach those newbies that investing into new meme coins will not make you rich overnight. There's a chance, but how much? Only a few investors are becoming rich by investing into these new meme coins and most of the time, many investors are losing money investing into them. This also shows that experience and knowledge is still the key, and having a lot of money doesn't mean anything if you don't have the knowledge that you need.
DYOR like what many are saying. Many of these kind of stories will still happen in the future because... there will always be investors out there who are willing to risk their money hoping to make a lot of money. Kind of dumb and stupid idea, but it happens.
