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Latest Binance Report Says 97% of Memecoins are Dead
In line with the latest report from Binance, a significant decline has taken place in the popularity of meme coins as 97% of these tokens stand in the category of “dead projects.” As per Binance, a common reason behind this plunge takes into account the prevalent pump-and-dump schemes that opportunistic “Memecoin Groups” carry out to exploit retail investors. Binance mentioned that investors are pulling out from the meme coin sector due to the increasing risks. The high volatility and pump-and-dump schemes dealing with the meme coins have influenced investors to a great extent. As the exclusive economic ... (full story)
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- Posted: Nov 6, 2024 11:40am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 147
