Bitcoin Forum

Hey folks, I've been thinking about this question lately and wanted to get your take on something.

So here's my issue with memecoins, aren't we just buying and selling hype to each other? The creators rake in the cash while everyone else is hoping to make a quick buck off the next sucker FOMOing in. Let's face it, most people don't make money, but a lucky few hit it big. It's basically gambling, but you know most of the $$$ is going to some devs trying to make bank off a useless token.

Now, I'm not saying I'm above it all, I'm hodling 3 memecoins myself 500M mcap - 1bn Mcap and eyeing another one (Mongy) today. But I'm curious what y'all think about those mid-cap memecoins in the 25M-100M mcap range. And what about the ones that manage to get listed on an exchange, even if it's just one? Are they still a total gamble? Any chance they could pull the rug?

TBH, I'm on the fence. Part of me thinks it's all a bit dodgy, but another part can't resist the potential gains. What's your take on these mid-tier memecoins? Are they worth a punt or should we steer clear?

Lemme know what you think!

Getting listed in an exchange does not guarantee that the team won't have access to rug-pulling. Sometimes that's even the best time they can manipulate the price to make investors want to buy more and give them the time to take advantage of the best price, dumping all their holdings with the highest price, leaving the token to dump, and also pulling off their own provided liquidity.
 
There is always a risk involved, irrespective of where the token is listed; you just have to run your research properly before taking any steps to invest in any of the new tokens.

In my opinion - though meme coins often depend on hype to gain value, however meme coins associated with exchanges have some level of advantage over others because if it is tied to some utility. If the meme coins is used for staking, for example, then there is utility for the meme coin which means that it has some solid growth potential in the future. So, it is fair to consider exchange listed meme coins under such instances when compared to meme coins without utility.

It depends on the performance and developments of the memecoin itself. As the trading can be manipulated in exchanges especially if the volume is small, you need to look out for its actual use case. If it is only driven by hype, usually it has short lifespan.

these memes with market cap around 25M - 100M is at critical time in my opinion, so many of these meme coins are still in danger of suddenly losing all the holders and become shit coin.
even more so if the exchange listing is still very few, and the listing coming from 3rd rate exchange site on top of that. i've seen plenty of memes that got delisted after just few months in and losing all the trading volumes.

in regard of rugpull honestly you can mitigate yourself from getting rugged by simply seeing the biggest holder of the token if it's some address owned by individual owning good percentage of total supply, there's chance of rug, if the holders are quite decentralized the chance for rug is slimmer but still there.

by the way, why there's 2 similar topic here?.