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The problem is multifaceted. Meme coin trading has become a 24/7 sprint, where investors are “late” if they haven’t aped into a token within 15 minutes of its launch, and long-term holding is a matter of hours. Just ask the 800k Official Trump coin investors who lost over $2 billion as the token dumped 65% just hours after launch.
The break-neck window for meme coin gains has created a culture rife with FOMO and poor investment decisions. Scams and rug pulls have become rampant, and honeypots and outright frauds are “staggering” in number.
According to Navia, even experienced traders are burning out from the constant rotation and endless parade of “next big things,” while real projects struggle to compete with pump-and-dumps. “We’re burning out builders who are chasing a dragon that doesn’t exist. Real projects can’t compete with pump-and-dumps masquerading as “communities.”
#BTC #meme #coin