How Greed Can Trap You Into Pump and Dump Memecoins

Most pump and dump coins have one thing in common which is low number of buyer and only few accounts trying to push the price to make the graph looks exciting but also there are cases where influential people ask their followers to invest in such a coin and then slowly dump them or someone like Hwak Thu can also dump it all at once but constant seeing X and Reddit posts of random teenagers making millions of few hundred dollar investment gets you into FOMO which makes you invest into any such of random memecoin with hope that you can be the one but in reality you might get trapped.

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Also there is a new fad of YOLO trades but that is super risky because yeah you do live once but if you got someone to feed then being this silly is the dumbest decision you could ever make, personally I think going to the casino for a hand of blackjack has a higher chance to make your YOLO risk work than a meme coin.

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