Meme Coin Madness: A New Wave of โPumpsโ and Risks for Investors ๐ถ
Despite the overall downturn in the market, the meme coin sector is once again showing signs of crazy activity.
Several new tokens, such as DogeCoinKiller ($DCK) and CatWifHat ($CWH), have shown growth of hundreds of percent in the last 24 hours, attracting retail investors with promises of quick profits.
However, as Investing.com warns, the risk of investing in meme coins remains extremely high.
Most of these projects lack real utility and are sustained only by hype. Many of them are typical โpump-and-dumpโ schemes, where investors who come in last lose their funds.
Experts advise being extremely cautious and remembering the history of Pepe (
$PEPE ) and Bonk (
$BONK ), which experienced a deep correction after a rapid rise.
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#Memecoins๐ค๐ค #pumpanddump #Cryptoscam #HighRisk #TradingTips
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