Fraud of so called meme coins.

Fraud of so called meme coins.

By Rupanshu kumar | Rupanshu-kumar | 18 Jul 2023


 

Hello guys, 

Take a look at the market and you will found out lots of meme coin , today we gonna talk about them. 

 

Meme coins were started as a joke DOGE COIN is the best example but after the growth in the market of Cryptocurrency their is also a big change in the people about crypto and they started to launch and setup their own coins that end up well and many are uses for more than just for transaction but also for smart contracts and many more . 

 

That also make meme coin more famous and elegant in the market, as the credibility of meme coin rises , the quantity of these coins also boom , but they are not here to build a society or a better market all they want to fraud with  innocent people. 

 

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How to recognize these type of coins . 

They started as a meme and advertise them so much that most people would remember them and portray themselves as a progressive projects and more and more people to invest and says ;

  • We are going to moon 
  • Hold its going to moon 

 

They creates a environment in social media, build communities make paid collaboration , promotions that made you buy it's a one time opportunity. 

But all they want you to invest and make you hold on high so they can dumb all their tokens and sweeps out all the money from the market and leave you with a one more waste coin . 

It's doesn't end their they came again with a new coin or as MEME 2.0 only to repeat the scam. 

 

  

In my opinion, always make your own research before buying and investing and take a closer look to market time to time. 

 

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That's all for today guys. 

Thanks for reading. 

 

 

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Rupanshu kumar
Rupanshu kumar

From Small Beginnings Come Great Things.


Rupanshu-kumar
Rupanshu-kumar

From Small Beginnings Come Great Things.

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