How right you are. Now a lot of scammers are trying to repeat Pepe's success and are trying to use various tools. In recent days, there have been a lot of fake offers on twitter and I see that the posts collect thousands of reposts because users do not even realize that they are participating in a potential scam.
added with the fact that twitter now just giving away the gold and blue badge for money just make things worse, so many rugpulls and people are trusting them because of these badge.right now many meme coin are losing value, it's basically the time for most of the whales to make exit liquidity in which definitely gonna make individual that invests in the project get rekt so hard.
Unless I am looking at the wrong token with the exact same name, it looks like the dev rugged the entire project. If you bought on April 20 when the OP made this post you could of maybe made 50% gains but if you held you would be at -99%. Hence this is proof these are extremely risky.
With the success of PEPE and the ease of making these tokens, there is going to be many rugging going on. All over Twitter they are spamming different tokens and people are buying these tokens thinking they will buy another PEPE where $100 turns into $10M but that is obviously not the case. Most will end up with huge losses.
that's so true, this is why investing in meme coin in general when they are already famous and already gaining massive value increase is just waste of time and money, it's just gonna lose its value in no time, it's just waiting for its whales to just exit the market. With the success of PEPE and the ease of making these tokens, there is going to be many rugging going on. All over Twitter they are spamming different tokens and people are buying these tokens thinking they will buy another PEPE where $100 turns into $10M but that is obviously not the case. Most will end up with huge losses.
