This meme coin is bringing massive profits to investors, but it might be too risky
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions.
Potential investors should be vigilant, conducting due diligence on deployer addresses and associated wallets. It is not uncommon for a large portion of a meme coin's supply to reside in such wallets, and if those holdings were to be suddenly liquidated, the resulting sell-off could lead to severe losses for other holders.
Therefore, as attractive as the prospect of quick gains from meme coins like MEW might be, you should approach it with a level of caution and avoid moves that are too risky.Arman strongly believes that cryptocurrencies and the blockchain will be of constant use in the future. Currently, he focuses on news, articles with deep analysis of crypto projects and technical analysis of cryptocurrency trading pairs.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
DONK.MEME Presale Goes Live: Is This The Next Solana's $BOME and DOGWIFHAT Meme Coin?DONK.MEME Presale Goes Live: Is This The Next Solana's $BOME and DOGWIFHAT Meme Coin?
Read more »
New Solana meme coin DogWifCat explodes after Raydium listingSolana’s meme coin craze has picked up again this week, with a new entrant called DogWifCat (WIF) delivering impressive returns just days after launching on Raydium
Read more »
Binance Issues Cryptic Post and Makes This New Solana Meme Coin's Price SkyrocketNew Solana meme coin MUMU eyes epic price increase after Binance does this
Read more »
This New Solana Meme Coin Explodes 5,000% Daily: Could It Become the Next WIF?Crypto Blog
Read more »
80% of Meme Coin Performance Occurs During Asia Trading Hours: 10x Research Founder10x Research founder Marcus Thielen weighs in on the correlation between Korea's political developments and the recent meme coin rally. 80% of meme coin's performance 'occurs during Asia hours and Asia hours is really driven by Korean traders,' Thielen said.
Read more »
Solana Meme Coin Dogwifhat Surges 48% to Record, Beats BONK, DOGE to $2Shaurya is the Deputy Managing Editor for the Data & Tokens team, focusing on decentralized finance, markets, on-chain data, and governance across all major and minor blockchains.
Read more »