Be careful while trading meme coins and tokens
From last few days all meme coins are pumping very hard as compared to other altcoins, pepe, dogecoin, shuba inu, bonk all papular meme coins are pumping right now. Not only ethereum based meme coins are pumping, all meme coins based on ethereum, Solana, Polygon and other blockchains based meme coins are pumping as well
That's why many traders think they can make very decent amount of money by investing in meme coins or tokens, no doubt if there is an any original and genuine meme coin project and you bought it at right time you can get very good returns but remember anyone can create a token on any blockchain especially Solana, Polygon and other blockchains who are have less transections fee that's why not all meme coins and tokens trending right now are worth investing or holding
Do many bad people's are also here in this space, they just keep creating new tokens then keep pumping it artificially and then rug all investors or traders with all the liquidity that's why be careful do some research and invest only in reputable and well known projects, another thing is mostly meme coins have no real utilities with to much meximum supply, that's why even if it's an original project still it's not suitable for long term holding
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