Birdwatch Note Rating
2024-05-27 04:52:02 UTC - HELPFUL
Rated by Participant: F71E445C941A54B0A77A81B7C972B608C7CA443CD1680D1C775D0315D8C683C5
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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