I’ll be honest, I’m skeptical. I’m not anti-memecoin, but I also don’t think most of them have any real staying power. For every success story, there’s a long list of projects that just faded out as fast as they arrived.
This is just it. What I noticed about them is that some will be scam as the project developer of the meme coin perfectly do an exit scam. Those that made it into the market will get pumped and later dumped. They will become old and be left for new coins instead. This will make their prices to remind low. People only gamble with such coins.
You mean rugpull tendencies? Quite not possible to avoid these especially with memecoins. You could at least have higher chances of not bumping into scam projects by checking on the devs behind it or check their outputs whether they are exerting efforts with coin's graphics or website (at least in my case, these are my standards) and also how active they are with different social media platforms. Risk will always be present in this industry given that anonymity is protected by the technology itself. Now, bottomline here is the event. If you are not into meme projects then basically it will be a waste of time engaging on this event. Or simply manage the amount you will use in every project that will be interested on your perspective to avoid regrets afterwards. Not all projects are having high tendencies of rug 'coz there are still projects which are really profitable and still progressive after months or even a year. And basically those are the best ones to check out.