Quote from: CryptoHeadlineNews on February 25, 2025, 09:38:18 PM

Quote from: I_Anime on February 23, 2025, 10:13:03 PM

This stuff is getting way at of hand , there are too many rug pulling now and days especially in solana meme coin, that’s why kept telling folks to stay away from meme coin trading, especially if you know that you can’t handle losses , the painful truth is that there still project at there that are getting ready to rug some folks of their funds .
This space is not a friendly place you can make money from it you can also lose from it .there might be other reasons added why he took his life but still memes trading not advisable at all, and please be safe at there.

The link to access the post : https://x.com/waverchocs/status/1893308084136620295?t=fH9jbo68QoRY6VWAP7SzGA&s=19

Commiting suicide after losing all your funds while trading meme coins is the worst action any individual could take, because In most cases, it's likely maybe that amount he traded and lost might not have been his personal money but a borrowed fund, which he risked trading with the intention of multiplying capital, but unfortunately it ended up in lost, which is also a sign to show that this individual never had proper knowledge about trading before venturing into it, most especially crypto and meme coins that are most volatile. Because as a newbie, it's advisable they invest in Bitcoin and hold for long term, rather than risking funds in meme coins.

You are right, the possibility of him borrowing such money is high or it might be that money is the last money he had on him and maybe he was moved by the hype he saw online which in reality is not exactly what it is. If he had sought counsel or possibly had done his research, he would not have made such a silly mistake of borrowing to invest or investing all he had in a meme coin. Meme coins are not worth the risk such as this guy did, maybe he did not know how the system works and his ignorance caused him all this mess of taking his life by his hands.

This should serve as a lesson to those who hurriedly jump into investing in meme coins they just heard about without taking time to conduct their due diligence before proceeding with it. It is not bad to take risks but the truth is that it is not all risks that are worth the try, some risks are just stupid risks to take and some just require wisdom to go with but people still fail to understand this, and they get themselves stuck up in their carelessness calling it a daring risk to face.