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✴️Beware of Influencer Memecoins!

♦Influencers with large followings are increasingly launching their own memecoins—cryptocurrencies based on hype rather than real utility. They often promise quick gains, saying their coin will help investors recover past losses. They might set unrealistic goals, like reaching a $100M market cap in 72 hours, to attract more buyers.

♦This trend has already happened with coins like $TRUMP , #libra , and #car , where influencers promoted them heavily. However, most of these projects are pump-and-dump schemes, meaning early insiders (including the influencers themselves) make huge profits while their followers, who buy in later, often lose money when the price crashes.

♦The best way to avoid being scammed is to stay away from influencer-backed memecoins and focus on solid projects with real-world use cases. Always do your own research before investing.