Memes

Be cautious when influencers hype up meme coins with flashy memes and big promises; often, they’re just looking to profit from their followers. Many of these influencers hold large amounts of the coin they’re promoting and sell off their shares as soon as the price spikes, leaving their followers with worthless tokens once the price crashes. Before jumping in on any hyped coin, take a moment to research it and avoid getting caught up in quick trends. Remember, just because it's popular doesn’t mean it's valuable.