Quote from: Abiky on March 01, 2025, 01:29:26 AM

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.

No, people will only learn when misinformation or ignorance is no more, not just greed.
Greed are for those that knows the danger it pose in investing heavily on meme coin but still went ahead due to greed for 10x to 100x, but as for the case of misinformation, it is purely someone getting the wrong knowledge about something thinking that it's the right one, and most newbies usually falls into this category because they get the wrong information about investing in the crypto space, instead of them first doing their own proper research, they just invest with the information that they got from someone else.
Furthermore, the ignorant investors, as the names implies, they don't just know how meme coin works, they don't know that they falls more than they rise, they just invest blindly thinking to make a fortune out of it, till all this things I made mentioned, greed, misinformation and ignorance are eradicated from the industry, people will keep on falling prey to rug pull scam going on in mostly meme coin.