⚠️ Quick lesson: DO NOT buy memecoins launched by celebrities!!!

They all have the same ending ➡️ insiders make millions, the rest lose money.

Kanye West launched his token $YZY on Solana. Within minutes it peaked at 3 billion $ market cap, then crashed below 140 million $.

An “insider” wallet bought cheap, at 0.24$ and sold almost at 10x, somewhere around 2.12$, making 3.4 million $ profit. The rest? They were left high and dry with massive losses.

In total, 13 insiders made over $24M profit.

The hype is for the masses, the profit is for a few insiders and it is very difficult to make this space credible with such charlatans.

💡 The lesson is simple: do not buy celebrity memecoins. Only insiders profit, not the community.

Take care of your funds, not the egos of celebrities.

#crypto #memecoins #DYOR