🚨 Meme‑Coin Mania = Major Scam Risk

Changpeng Zhao, founder of #Binance , has sounded the alarm on a surge of scams tied to meme‑coins and social‑media hijacks. Fraudsters are using stolen or impersonated accounts to push fake tokens, phony airdrops and bogus contract links - putting investor assets at serious risk.

📌 Key take‑aways:

Scammers clone token names + logos, create fake websites and post on hacked accounts.

These tokens often lead to ‘rug‑pulls’ or drains of liquidity. The token hype is no protection: reportedly up to 97% of meme‑coins have collapsed.

Binance emphasises that no official account will endorse specific meme‑coins. Always verify contract addresses via trusted sources.

🔐 My advice:
Never rely on a meme or “viral” token as part of your core strategy. Instead - build your crypto portfolio the right way:

Core holdings: $BTC , ETH , $SOL

Stablecoins: for liquidity and risk management

Exchange tokens: $BNB , WBT, OKB

Test/trade coins: only what you can afford to lose

🎯 Meme‑coins might look tempting, but the odds are stacked against you. Focus on quality, diversification, verification and risk control. #dyor #BinanceHODLerERA