Post
Topic
Board Altcoin Discussion
Re: Memecoins: Not all that glitters is gold
by
FortuneFollower
on 10/09/2024, 07:53:38 UTC
Some of you might have come across mind blowing stories of how an investor turned few dollars into millions of dollars...

These lucky ones are not simple market participants, but represent teams of meme coins and their close friends. And the main goal of launching such meme coins is to make a profit at the expense of newcomers who came to the market after learning that someone once made a million by investing only $1.

Yeah, usually that's how it goes Grin
Only a small portion of the projects like that think about the community for real, and about the allocation and the future beforehand.
It's rare nowadays.