Birdwatch Note Rating
2024-05-27 18:27:13 UTC - HELPFUL
Rated by Participant: D521ED2474EEC656E3A4298FD84D92EE9F6376B766A9E83B2A8AA40C9D2C4E39
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/
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