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Will people ever learn from "meme" coin scams? What will it take to put a stop to this madness?
Let's consider memes as the ugly part of cryptocurrency that is inseparable from it, it's people who need to be extra careful. But many will not, do you know why? It's because they see memes as the fastest way to make a huge amount of money, so they prefer to gamble it than fold their arms idle and let possible opportunities pass them by. And of course, as you consider some a scam, many people have enriched themselves through memes, which is why it's difficult to pull off it.
Not all memecoins are bad but majority are but to be trusted because this is one of the ways majority of these scammers are using to steal from people that are not aware of their scamming attempts. Memecoins are very profitable which is why many investors are always trying to invest in new memecoins so that they can make money from such projects. Many would put large amounts of their hard money into memecoins so that they can make lots of profits from the project but most time the opposite is what happens with a big loses to investors that invested their hard earned money in the project.