I urge you to read and interact with this post!
The deeper I delve into meme coins, the more I realise how manipulated and fabricated the space is.
X posts are full of click bait to grow following whilst suggesting this and that wallet went from $200 to $600,000 in 4-hours (example). When the truth be told, that would be the dev wallet (99.9% of the time), and the market is so illiquid that the $600,000 (in this instance) would never be realised. This is how you see celebrities and influencers burning millions of $ worth of coins to reel you in, it’s not real and never would become real because they own too much of the supply in other wallets.
This isn’t a game for the feint hearted, it’s dog eat dog and 99.9% of participants are willing to screw over everyone else for their own benefit.
Yes, you do hear of a few success stories for sure, similar to how you hear about the guy who won the 10,000/1 accumulator, without sharing that he’s previously lost fortunes and will continue to lose fortunes as well as his health, mental state, finances and family.
To add to that further, those who you run to for guidance with their YouTube videos and thousands of followers are the worst of the bunch, they get paid to promote to YOU, they then get vested token supply in return for promoting to YOU, they then sell their vested supply and use YOU as their exit liquidity.
My advice is, unless you’re very very experienced, stay away, you’re entering a casino, and we all know that eventually, the house will always win!
If I’ve saved even one person from passing their hard earned money into the hands of these developers or KOLs this side of Christmas, then I’m happy.
If you’re looking for a legitimate and trustworthy community that puts YOU before them, join
@DrunkenMonkey, their TG is in their Twitter bio.