Meme Coin Risks and Scams

The cryptocurrency market continues to see high attention on meme coins, with a market capitalization of around $44 billion. While meme coins can offer substantial returns, they also come with significant risks, including meme coin scams.
Meme coin scams typically involve creating a new cryptocurrency with an attractive name, aggressively promoting it, making false promises, and then carrying out a "pump and dump" or "rug pull" scheme to exploit investors. Investors should exercise caution when considering meme coin investments and be wary of the risks involved.