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Cryptocurrency News Articles

The Memecoin Industry Registers a Sharp Uptick in Daily Average Traded Volume Following the Strategic Launch of Donald Trump and Melania Trump Memecoin Projects

Jan 20, 2025 at 07:27 pm

The memecoin industry, led by Dogecoin (DOGE) and Shiba Inu (SHIB), has registered a sharp uptick in daily average traded volume following the strategic

The Memecoin Industry Registers a Sharp Uptick in Daily Average Traded Volume Following the Strategic Launch of Donald Trump and Melania Trump Memecoin Projects

Memecoin traders are advised to be cautious of potential rug pulls, particularly in the case of celebrity memecoins. Given the limited fundamentals underpinning most memecoin projects, investors are strongly encouraged to conduct thorough research before joining any memecoin community.

“If a celebrity coin issuer avoids rug-pulling and takes responsibility for their sales, it’s not as harmful as you might think,” said Ki Young Ju. “Even Bitcoin had its fair share of pyramid scheme promoters in the early days, selling to elderly investors.”

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!

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Other articles published on Jan 21, 2025