Before you buy a meme coin that promises 10,000x returns, here's what you need to know:
Creating a meme coin is extremely easy - a 10-year-old could create one in just 2 or 3 minutes.
There are many scammers who create meme coins constantly. For some, this has become a full-time operation. They launch meme coins on the $SOL blockchain and then "debase" them, basically scamming investors.
Some scammers don't wait for their meme coins to reach a $1 million market cap before dumping them.
Others debase their projects as soon as they reach a $5,000 market cap.
Therefore, be very careful with meme coins - not everyone makes money trading them.
Don't believe everything you see online - images and claims can easily be faked.
Protect your hard-earned $SOL. Remember, everyone is fighting to make a profit on their investments - don't become someone else's "exit cash."