There have been many rugpulls from "meme" coins recently. From Barron Trump's fake "meme" coin, to President Javier Milei's "meme" coin meltdown, there's been a pattern of rugpulls and scams. People turn into such coins out of pure greed without realizing the consequences of doing so. Why won't they choose Bitcoin or Ethereum instead? I can't understand why people keep falling into these schemes.
Will people ever learn from "meme" coin scams? What will it take to put a stop to this madness?
Your input would be greatly appreciated. Thanks.
This is a truly uncontrollable phenomenon, the negative mindset of meme coin investors has damaged the market and even become their nest in every cycle. The reason behind this cycle continues to run even though there have been thousands of fraud schemes in meme coins but it never goes out and even the level of interest is getting worse. All caused by irresponsible influencers who are deliberately seeking profit for themselves. With no one controlling these influencers, I am sure the fraud scheme will continue, especially in the meme coin industry.Will people ever learn from "meme" coin scams? What will it take to put a stop to this madness?
Your input would be greatly appreciated. Thanks.
People never learn or they do it willingly by risking everything.