I don't play with meme coin anymore, since I got burnt a little bit on the previous bullrun when all the memecoin were done in Binance Smart Chain. For some of you the amount might be insignificant, but for me, it was quite something that I will remember nicely. A good lesson to learn, and that is might be also the reason I am getting my hand of the meme season out there in Solana.
I heard about some people who got rich overnight by trading meme token, which is great for them, but not the people at the top who will carry a useless bag when the hype of that particular meme token is finished.
The recent is about the Hawk Tuah meme coin, that getting a backlash after the coin was dumped to the community, making some of them lose a lot of money. I know others are profiting Millions out of it, but it is really ethical? Maybe there is no such things of ethics left there in the meme thing. hmm what about the kid that pull a rug on livestreams on the coin he created? even the two other coin that he created after the previous trick still getting some buyer, there are people willing to spend money on those kind of thing.
If only they put the money on Bitcoin, now maybe they will get the return on the Bitcoin pump, maybe it was not that much as the meme coin can generate f they able to dump on people, but at least it will be safer since we know how we perceive bitcoin rather than those mem token.
