Birdwatch Note Rating
2024-05-31 14:19:29 UTC - HELPFUL
Rated by Participant: 77F1ED6E5F1FD97212307B51E3F4754F1EFF238AEF5FE25C9F68D214D4FF62CD
Participant Details
Original Note:
Investing in meme cryptocurrencies carries significant risks due to their extreme volatility & speculative nature. These digital assets often lack fundamental value and are driven by social media trends and hype, making them susceptible to pump and dump schemes. Sources: https://www.coinjar.com/uk/risk-summary-meme-coins https://www.tokenmetrics.com/blog/meme-coins https://www.forbes.com/advisor/investing/cryptocurrency/what-are-meme-coins-are-they-worth-investing-in/
All Note Details