A Memecoin that sends over 50% of its total supply to celebrities who won't sell the coins causes price volatility to increase by more than 2x — accelerating gains on the way up and accelerating losses on the way down.

Is it because it's a bear market and there's not much money in the market, so they've started playing this kind of low-cost, high-efficiency Meme? Back when there was money, everyone directly played fully circulating Memes; now that there's no money, they've started playing semi-circulating 😂