Elon Musk's latest comments on meme coins have sent shockwaves through the cryptocurrency market.
He essentially called investors "stupid" for expecting profits from meme coins, stating that they won't earn anything from these digital assets and should avoid investing their life savings. This statement is particularly surprising given his vocal support for Doge coin in 2021. However, some argue that meme coins like Doge coin, Wif, and Pepe have shown significant growth, contradicting Musk's claims.
The recent decline in meme coin value may also be attributed to the launch of Trump's and Melania's meme coins. Despite Musk's comments, some remain optimistic about the future of meme coins .
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