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A lot of people don’t know this, but there is a group of people in the meme coin space, and what they do is unbelievable.
They usually come together as a group and raise $30K to create a meme coin. They then split it across various wallets so you don’t notice a single address holding a huge portion of the token.
When the token reaches around $100K–$300K in market cap, usually within the first 24–48 hours, they dump the tokens, making over 5x the $30K they started with.
You know, it’s easier to convince people to buy a meme coin at a $30K market cap—$WIF was once at a $40K market cap.
These guys do this, and this is how they make money from meme coins. Sadly, a lot of people don’t know this and keep buying meme coins and losing
By the way, I’m enjoying this Crypto confession you are doing on Binance Square 🤣, the last one had me rolling cause I know the guy
They usually come together as a group and raise $30K to create a meme coin. They then split it across various wallets so you don’t notice a single address holding a huge portion of the token.
When the token reaches around $100K–$300K in market cap, usually within the first 24–48 hours, they dump the tokens, making over 5x the $30K they started with.
You know, it’s easier to convince people to buy a meme coin at a $30K market cap—$WIF was once at a $40K market cap.
These guys do this, and this is how they make money from meme coins. Sadly, a lot of people don’t know this and keep buying meme coins and losing
By the way, I’m enjoying this Crypto confession you are doing on Binance Square 🤣, the last one had me rolling cause I know the guy
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