I was too late to know about it otherwise I would have jumped into it. Market these days are moved by such viral things where there's an internal conspiracy going on between the market creators and influencers, they create and accumulate the coins and comes out at ones promoting it directly or indirectly. They sell their share when people start to buy the coin. This has been going on for a while. They keep doing this cause their are no investigation into these frauds. Even the powerful people like president of united states is involved on such activities. They take it as a fundraiser like a go fund me campaign. No one is compelled to buy and no one is given any promises of return on the investment. But many gullible people are losing money to such scheme.
Yeah man, I feel you on this one. It’s crazy how these meme coins just come out of nowhere, go viral, and next thing you know, they’re on every major exchange. By the time most people hear about it, the early ones have already stacked up, and the FOMO train is leaving the station.
I lowkey wish I caught this one earlier though, just had a little hodl on bingx. Mubarak went from nothing to over $100M+ in record time, and I can’t even tell if it’s just another degen run or something bigger happening behind the scenes