One post can send a coin soaring in a single day. What happens next?
First, a definition: When a celebrity mentions a meme coin on social media, it often triggers a sharp spike in trading volume and a rapid price surge.
The principle: “A celebrity mentions it” and “a celebrity owns it” are two different things. Celebrities may also quickly change their tune or exit their positions.
$DOGE has experienced sharp short-term fluctuations multiple times after celebrities posted about it.
Cross-check information from multiple sources before acting. Don’t rely on just one source.
First, a definition: When a celebrity mentions a meme coin on social media, it often triggers a sharp spike in trading volume and a rapid price surge.
The principle: “A celebrity mentions it” and “a celebrity owns it” are two different things. Celebrities may also quickly change their tune or exit their positions.
$DOGE has experienced sharp short-term fluctuations multiple times after celebrities posted about it.
Cross-check information from multiple sources before acting. Don’t rely on just one source.