Baron Trump fake memecoin to President Javier milies meme coin were literally Ponzi schemes luring their victims with high returns. The crypto space is vast with alot of scammers launching fake memecoins to defraud people and majority of their victims are greedy people who sometimes knows the risks involved but still embark on it only to be defrauded of their hard earned money.
Before investing in any memecoins it is recommended to carryout proper research about the coin, to know if there are authentic or not and since investing in memecoin is highly risky with no guarantee,it is considered wisely to only used your spare money to invest,invest with money you can afford to loose so incase the investments goes wrong you will able to Bear the loss.
In as much as there are many fake memecoins fooding the vast crypto market, they're still good and authentic memecoins worth investing but always invest wisely,use your spare money to invest as memecoins are consider highly risky due to their unstable violatility nature.
Before investing in any memecoins it is recommended to carryout proper research about the coin, to know if there are authentic or not and since investing in memecoin is highly risky with no guarantee,it is considered wisely to only used your spare money to invest,invest with money you can afford to loose so incase the investments goes wrong you will able to Bear the loss.
In as much as there are many fake memecoins fooding the vast crypto market, they're still good and authentic memecoins worth investing but always invest wisely,use your spare money to invest as memecoins are consider highly risky due to their unstable violatility nature.
Do you know who else's fault is? Centralized exchanges. They tend to list any "shitcoin" that would generate them a lot of trading fees. People who see "meme" coins being traded on prominent crypto exchanges, will quickly believe they're legit (when in fact, they're not). I'd say regulators should hold these exchanges accountable for adding scam coins into their platform. If done right, the number of victims falling for these schemes would be greatly reduced.
Of course, greed goes above all else. Why do you think most noobs are even supporting centralized coins such as XRP and Solana? It's not because these coins have real use cases or are innovative, but because they have the ability to make noobs a lot of money. As long as there's money to be made, nothing else matters. Just my two sats.
