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