Why are the big players promoting memecoins ?

[Cashi]

It is easy to collect big money for big players by MEME coins as it has been easy from ICO but for MEME coins, it is even more easy because you don't need a working product. Just release a MEME coin and you are off to a good start.

[Zanab247]

There are some profits behind memecoins that is making players to go after memecoins, because they play wisely not to regret for involving in memecoins and BTC. Don't forget that memecoins are not reliable like BTC, which are some of the things that is making people to  promote BTC to earn massive profits from BTC than memecoins, because they know that memecoins profit is little for them to use to solve some financial issues without selling their BTC at the moment.

If you want to be a memecoins player, please don't use what you cannot afford to lose in memecoins because the risk is too high for new traders to accommodate when you lose.

[taufik123]

-snip-
Tell me why the coin got listed after going viral. Although I’m not against memecoin but why does the big players promote Bitcoin openly then come up with a memecoin out of the blue knowing fully well how volatile memecoins are ?

It's like taking advantage of a big hype to make a big profit, those big influencers have their own memecoins that are fully backed but some are also just memecoins that are backed just to get paid for the endorsed endorsements.

And look at how the profits obtained from memecoins, it can reach thousands or even hundreds of thousands of percent at a time when hype can occur.
Memecoin becomes the perfect money-making platform for big players and can also be a big disaster when Memecoin starts to become a scam.

In essence, the big players who get involved with memecoins get a huge profit at the beginning and that will also be added with the shilling that keeps happening and then sells at a high price, then leaves it.

[Odusko]

There are some profits behind memecoins that is making players to go after memecoins, because they play wisely not to regret for involving in memecoins and BTC. Don't forget that memecoins are not reliable like BTC, which are some of the things that is making people to  promote BTC to earn massive profits from BTC than memecoins, because they know that memecoins profit is little for them to use to solve some financial issues without selling their BTC at the moment.

If you want to be a memecoins player, please don't use what you cannot afford to lose in memecoins because the risk is too high for new traders to accommodate when you lose.

Memecoins can be highly volatile so for that, their investment can give you tremendous profits and at the same time loses too, most people advise newcomers in the cryptocurrency industry to always avoid meme coins because of their volatilities and also the way they easily fade off and not have any existing ecosystem to support their long term profitability, or even lessen the amount of incurred loses, this is why we tend to have a negative pull back from meme coins. But if you are good at gambling and ready to risk your money, meme coins can also be a good short to get high profits if their market goes in your favor at whatever time so yeah it's a two ways thing and whatever comes out can be a reflection of what the conditions of the coin is at that moment in time.

[Rengga Jati]

Tell me why the coin got listed after going viral. Although I’m not against memecoin but why does the big players promote Bitcoin openly then come up with a memecoin out of the blue knowing fully well how volatile memecoins are ?

The only reason that they take advantages of the meme coins. The big players may be paid by the developers of those meme coins. Or the big players may create those new meme coins and they try to offer the meme coins. However, I'm sure experienced people won't be influenced by the big players. Only those newbies or beginners who probably try to buy the meme coins.

Mate, the big players don't care with the volatility of the meme coins. They even may not hold any of those meme coins. The big players only want to get money by promoting the meme coins. So, we aren't influenced by them although we are fans of the big players.

[TastyChillySauce00]

sometime they promote it without knowing, but i also have my share of doubt with that  .

but here's the thing, people are capitalizing on hype, and whatever the influential figure or big players are tweeting nowaday, the market turned it into speculation playground, even if somehow CZ adopt a dog and named it some random obscure name you'll see the meme coin ticker magically appear within few second.

so really, is it big player promoting meme coin or just the market speculating on the hype?

[Dave1]

sometime they promote it without knowing, but i also have my share of doubt with that  .

Perhaps this was early, around 2018 promotions wherein there was a lot of personalities who have been penalized for promoting it because they really don't know about crypto that time.

but here's the thing, people are capitalizing on hype, and whatever the influential figure or big players are tweeting nowaday, the market turned it into speculation playground, even if somehow CZ adopt a dog and named it some random obscure name you'll see the meme coin ticker magically appear within few second.

so really, is it big player promoting meme coin or just the market speculating on the hype?

But it's very different like 2020's era, everyone now is jumping on the hype and bandwagon including many sports athletes and Hollywood stars. So most likely that they are paid good money in the millions to mentioned those meme coins and shills using their twitter account and in term that project will create hype and many investors are going to fall for it. Thus making profits for the entities behind and they were able to get back 10 folds the millions they have paid this personalities for promotion.

[rodskee]

Tell me why the coin got listed after going viral. Although I’m not against memecoin but why does the big players promote Bitcoin openly then come up with a memecoin out of the blue knowing fully well how volatile memecoins are ?

simply because they would get profit from it

most people who are launching memecoins are not actually thinking of making it big and useful for the community they just want it to generate enough hype so that the value rise up and they can take out most of the tokens they were holding and maybe the big players or well known people they may not be the ones to actually make the memecoins but they could actually be employed by the team to endorse and attract investors to the memecoin

[redwine49]

why memes & memes. I still wonder why the public still continues to chase memes. my personal opinion maybe:
1. public love about the story when "some" guy get rich quick from memes and their story's never stop.
2. according someone post on binance square
meme token creation is more than 40.000 memes everyday, thats alot compare another new Altcoin.
3. the big player just follow the trend whats public love, they just ride the wave like the media ask "what is the news that people want to hear"

[FortuneFollower]

sometime they promote it without knowing, but i also have my share of doubt with that  .

Perhaps this was early, around 2018 promotions wherein there was a lot of personalities who have been penalized for promoting it because they really don't know about crypto that time.

Yeah, now, the times are different.
You can be a big fella in socials and get people rolling in something worthless in nature, and even get good results from it for yourself.
Not so good for people involved, though.

[noormcs5]

It is easy to collect big money for big players by MEME coins as it has been easy from ICO but for MEME coins, it is even more easy because you don't need a working product. Just release a MEME coin and you are off to a good start.

Yes, but only those who are popular or have fame can have this privilege to make meme coins and dump them on their fans. How sad is it and people knowing they will be rekt, still willing to jump in these projects.

The memecoins have taken the space for altcoins and a lot of liquidity is moving into meme coins due to which the good projects with strong fundamentals remain on sidelines and no one is willing to buy those coins. People want easy, quick money, they want to gamble with meme coins and don't want to invest in good projects. That is a sad reality.

[TastyChillySauce00]

But it's very different like 2020's era, everyone now is jumping on the hype and bandwagon including many sports athletes and Hollywood stars. So most likely that they are paid good money in the millions to mentioned those meme coins and shills using their twitter account and in term that project will create hype and many investors are going to fall for it. Thus making profits for the entities behind and they were able to get back 10 folds the millions they have paid this personalities for promotion.

they are definitely getting paid big time, and the ruggers are making profit off the vulnerable people who followed them.
indeed, it's always pure chaos when it come to meme coin, the entire market is basically PVP, with some big whales pulling string off the scene.
but ultimately people who gets greedy always the one suffered the most.
don't wanna blame the newbie meme buyer but maybe it's time that we should realize, when influential figure sharing contract address, doesn't mean we should buy whatever meme coin they produced.

[Andrija Branislav]

The memecoins have taken the space for altcoins and a lot of liquidity is moving into meme coins due to which the good projects with strong fundamentals remain on sidelines and no one is willing to buy those coins. People want easy, quick money, they want to gamble with meme coins and don't want to invest in good projects. That is a sad reality.

That's the problem but if the token has strong fundamentals and is able to control its price I think buyers will continue to come and thinking wants to get rich quick in memes so it doesn't come to mind anymore. The risk is taken because there is no token or coin that despite volatility is able to maintain its price, so many users run out of options and choose to buy and trade those trash tokens.

[jcojci]

They want to make money to be clear. That is their purposes to playing with memecoin and attract many people to join with them and invest their money to the project. That is works you know so you must be careful if influencer or other popular people ask you to join with any memecoins projects.

We don't have to follow what they say about the memecoin but we must research first before we decide. They see that playing with memecoins can bring them more profit and eventually that will be bigger than the popular coins. They will playing with memecoins when they still see the big chance to profit in big.

[NewRanger]

Memecoins can be highly volatile so for that, their investment can give you tremendous profits and at the same time loses too, most people advise newcomers in the cryptocurrency industry to always avoid meme coins because of their volatilities and also the way they easily fade off and not have any existing ecosystem to support their long term profitability, or even lessen the amount of incurred loses, this is why we tend to have a negative pull back from meme coins. But if you are good at gambling and ready to risk your money, meme coins can also be a good short to get high profits if their market goes in your favor at whatever time so yeah it's a two ways thing and whatever comes out can be a reflection of what the conditions of the coin is at that moment in time.

In facing a different situation when facing a bearish market trend. As a short term trader it might be the option to take, of course many opportunities arise in the market by buying cheap coins like memes. However, their investors in the long term, I am sure they will not approach it and it will only stress them out if the price drop occurs and continues later.

[supine]

Because it is cheap and easier for them to manipulate the price.
There are so many meme coins that are being used for a quick profit.
New meme coins could give you a great amount of profit in just a short period of time and it could also ruined your investment.

[WeedGoW]

because meme coin is a heaven to get easy money, we know that fomo will eat many people and eat a lot of money when Hype therefore some people take advantage of it to add crazier wealth more easily, especially the big players, the mechanism is quite the same in the Hype show on memecoin or even altcoin itself, the players play their role so that you eat it and the person who enters early will be the lucky one but the last one they will be the victim.

Many thieves using technology at the present time have entered this crypto currency world. And large players and big celebrities, and big celebrities, have been greatly promoting and expanding after launching new coins called Mim Coin, because many people invest here and they are plundering that investment money by making this mim. So I tell you who invest in such memes coin must be careful and invest in it so you can save about you. So be careful yourself and help others to be careful of such memes. And if you want to invest, select everything and hire your own decision.

[Yucky]

Memecoins are known to be very volatile and risky for traders but lately they’ve become a massive go-to profits arena for the big players even though they make their move so subtle that traders overlook the fact that they create coins for their own interests.

Last year, Elon Musk came up with his X coin then earlier this year Trump followed suit to launched his first memecoin and surprisingly CZ is subtly promoting a memecoin even though he kept denying it. If you took note he posted about a test coin he called TSTBSC, he claimed the coin was never intended for public trading as it was a test coin used for a video demonstration.

Tell me why the coin got listed after going viral. Although I’m not against memecoin but why does the big players promote Bitcoin openly then come up with a memecoin out of the blue knowing fully well how volatile memecoins are ?

You need to understand that investors go where they see the money. It's just like how AI is buzzing and some investors are putting their money into it just to get a return. they are called investors for a reason, they put back up a project that they see potential profit and that was what a lot of them did with memecoins and Telegram tap projects. So it was just for the profit, nothing serious.

You mustn't take it to heart, that's why you are asked to do your research. Make sure you don't just hop into a new coin or project with a lot of your money. Be careful when you trade with memecoins or altcoins, start small.

[Reynaldo]

Whales promote BTC for stability while using memecoins as their playground because they can control the entire narrative from launch to pump. ngl its getting nasty but my honest opinion is that the memecoin supercycle its here to stay, it can evolve but not erase...

[stomachgrowls]

Memecoins are known to be very volatile and risky for traders but lately they’ve become a massive go-to profits arena for the big players even though they make their move so subtle that traders overlook the fact that they create coins for their own interests.

Last year, Elon Musk came up with his X coin then earlier this year Trump followed suit to launched his first memecoin and surprisingly CZ is subtly promoting a memecoin even though he kept denying it. If you took note he posted about a test coin he called TSTBSC, he claimed the coin was never intended for public trading as it was a test coin used for a video demonstration.

Tell me why the coin got listed after going viral. Although I’m not against memecoin but why does the big players promote Bitcoin openly then come up with a memecoin out of the blue knowing fully well how volatile memecoins are ?

You need to understand that investors go where they see the money. It's just like how AI is buzzing and some investors are putting their money into it just to get a return. they are called investors for a reason, they put back up a project that they see potential profit and that was what a lot of them did with memecoins and Telegram tap projects. So it was just for the profit, nothing serious.

You mustn't take it to heart, that's why you are asked to do your research. Make sure you don't just hop into a new coin or project with a lot of your money. Be careful when you trade with memecoins or altcoins, start small.

Yes, who doesnt want to make money? Rich becomes richer and since they do have that popularity or simply being known then just like on other people been saying above that they are making use of it to be that an edge on which they can be able to utilize it out. They do promote meme coins because they are really that riding with the hype and this is where they can make money. If you are someone who do really loves or likes on dealing up with meme coins then better not to make yourself that easily get hooked up with it because at the time that you will be that having this kind of impulsiveness when it comes to investing then this will really be a huge problem.

This is why you should really be that careful no what are the things you've been dealing, specially when it comes to meme coins on which once the hype dies down then you will really be that a huge problem when you have bought on the peak. Its important that you do really know at least on when to get out and never look back. Some people are really just that too hopeful on what they are really that seeing on meme coins that they can make themselves rich but thats not how reality works.