Here’s a mistake I made: I didn’t understand this at the time.
A meme coin maintained by the community after the original team steps away is often referred to in crypto circles as a CTO (Community Takeover).
Meme coins derive much of their value from consensus: the more people willing to hold and talk about them, the more buzz they generate. Conversely, when people lose interest, it’s hard for the price to hold up.
$DOGE was known early on for small donations and charitable activities, making it a good example of meme community culture.
Have you ever fallen into a similar trap? Share your experience to help others avoid it.
Do your research before jumping in.
A meme coin maintained by the community after the original team steps away is often referred to in crypto circles as a CTO (Community Takeover).
Meme coins derive much of their value from consensus: the more people willing to hold and talk about them, the more buzz they generate. Conversely, when people lose interest, it’s hard for the price to hold up.
$DOGE was known early on for small donations and charitable activities, making it a good example of meme community culture.
Have you ever fallen into a similar trap? Share your experience to help others avoid it.
Do your research before jumping in.