š„ Binance Research Reveals: 97% of Memecoins Are Officially Dead
ā”ļø 97% of memecoins are now inactive, with only a few surviving.
š Beyond the classic ārug pullā and low trading volume, Binance researchers uncovered a rise in meme cabalsāgroups that churn out pump-and-dump tokens, using unsuspecting retail investors as exit liquidity.
āļø Even with blockchain transparency, anonymous addresses let these cabals operate in the shadows, minting tokens, hyping them up on social media, and cashing out when the price peaks.
š„ For the rest, theyāve become part of meme history - amusing, but not exactly profitable.
Who would have thought!
ā”ļø 97% of memecoins are now inactive, with only a few surviving.
š Beyond the classic ārug pullā and low trading volume, Binance researchers uncovered a rise in meme cabalsāgroups that churn out pump-and-dump tokens, using unsuspecting retail investors as exit liquidity.
āļø Even with blockchain transparency, anonymous addresses let these cabals operate in the shadows, minting tokens, hyping them up on social media, and cashing out when the price peaks.
š„ For the rest, theyāve become part of meme history - amusing, but not exactly profitable.
Who would have thought!