Meme｜Why can a single post by a celebrity send a Meme coin soaring?
The celebrity effect is especially pronounced with Meme coins because these coins lack other valuation benchmarks to begin with.
“Mentioned by a celebrity” and “held by a celebrity” are two different things. Celebrities can also quickly change their tune or exit their positions.
$DOGE has seen sharp price swings over short periods several times in the past following posts by celebrities.
If you don’t understand a product, avoid taking a large position in it. Try a small amount first.
#DOGE
This is not a recommendation to buy or sell in any form. You are responsible for any gains or losses.
The celebrity effect is especially pronounced with Meme coins because these coins lack other valuation benchmarks to begin with.
“Mentioned by a celebrity” and “held by a celebrity” are two different things. Celebrities can also quickly change their tune or exit their positions.
$DOGE has seen sharp price swings over short periods several times in the past following posts by celebrities.
If you don’t understand a product, avoid taking a large position in it. Try a small amount first.
#DOGE
This is not a recommendation to buy or sell in any form. You are responsible for any gains or losses.