Be extremely careful with pump and dump meme coin (avoid them if you can)

[DubemIfedigbo001]

People are always advised against the risks associated with trading these meme coins since they can pump to unimaginable heights and still dump hard within a very short period of time (sometimes within minutes) leaving the investors broke and frustrated, especially those who use the slogan "go hard or go home" when dealing with these meme coins.

Firstly, WHAT IS A MEME COIN?
Meme coins are altcoins (cryptocurrencies that are not Bitcoin) named after trends, humorous or fun topics, or anything else someone can think of. They are usually created to engage a community and can be used in peer-to-peer payments, speculative investing, or trading. In many cases, they are accompanied by websites with comical themes, sometimes nonsensical terms, and their creators and fans market a sense of community to attract others.
https://www.investopedia.com/meme-coin-6750312.

HOW ARE MEMECOINS CREATED?
Meme coins are very simple to make, as far as cryptocurrencies go, and you don’t need to know how to code or program blockchains. Many websites can automate the process for you, which only takes a few minutes. In most cases, you’ll need a cryptocurrency wallet and some crypto to pay blockchain and service fees, which are usually fairly low. To begin, find a meme coin creation site and

 -Connect your wallet
 -Ensure you own at least some of the cryptocurrency the coin creation site runs on for payments
 -Choose a name for your token
 -Choose a symbol (sometimes limited to a specific number of characters)
 -Choose the number of decimals (nine for a meme coin)
 -Enter the total supply you want circulating
 -Upload an image (logo) for your token (usually in PNG format)
 -Have a description ready for your token, then enter the description in the description box. You can include your social media and website
 links here too.
 -Choose the “meme” tag in the tag block
 -Click on “Create Token,” accept the transaction, and wait for your tokens to be ready.
https://www.investopedia.com/meme-coin-6750312.

In a nutshell, meme coins aren't strong projects that should be relied on and most times, they are created for scam purposes to trap unsuspecting individuals. I have been given offers to create meme coins for some dudes which I declined because of humanity's sake.

I would give you a example with a meme coin called Mrbitcoin (MrBTC) and the extent of loss someone incurred after investing hundreds of millions into it.

I became particular about this meme coin and decided to share it because:

• I was in the community when it rugged, it reached various ATH so fast, investors were thinking it was a good project until it rugged and they started recouping their losses
• The suffix BTC attached to it and who knows, it might have trapped some naive people into thinking it was a meme coin associated with Bitcoin, and this serves as a reminder to newbies in the building that if it isn't Bitcoin(BTC), then don't believe it has anything to do with bitcoin

Below are the screenshots and contract address for your consumption

here's the CA: 8zf2LKUsuE4eL9Bqm87XhjeoxpiDtXVLahmB231EGfHh

you can see that it was rugged from an ATH of $3.52 billion to $51.92 in just 54 minutes, what a loss for investors.


This is the resultant effect on one of the investors

he lost $269,295,088 in such a short time

So you can see for yourself how fast meme coins can rug and how dangerous it's nature is, so I advise you'll thinking of investing into them and those already into it to tread with extreme caution and be sure not to invest much on it since its more about gambling than an actual investment. Need an actual investment? Buy Bitcoin and hold since it is a proven store of value and a hedge against inflation.


You can share your thoughts experiences so others can learn more  

[Joy- maker]

In my opinion I we say that anyone who just getting started with cryptocurrency should avoid Memecoins, because they pump and dump they are no store of value with potential returns like bitcoin, so just centralized your focus on accumulating bitcoin and hold for long term if you are a beginner that is just getting started with cryptocurrency, because Memecoins can frustrate, and it can make you loose funds in an twinkle of an eye if you are not grounded and smart enough to make quick decisions in the crypto space.

[hd49728]

Meme coins don't follow any rule, and I see a future that meme coins will die massively as we have never seen in cryptocurrency market history. We already knew how bad altcoins are and how they easily die with time especially in bear market. Meme coins are different and they will be more easily die than traditional altcoins.

Meme Coins Aren't Playing By The Rules Anymore: The 2025 Survival Guide. I shared it but a best way of survival is don't buy meme coins.
Meme Coins: The Good, The Bad, and The Ugly.
How many cryptocurrencies have died?

[Stepstowealth]

So you can see for yourself how fast meme coins can rug and how dangerous it's nature is, so I advise you'll thinking of investing into them and those already into it to tread with extreme caution and be sure not to invest much on it since its more about gambling than an actual investment.

I think it requires some more skill to be able to trade or invest in this pump and dump meme coins and make profit from them and not many individuals in the cryptocurrency market possess this skill especially the new ones. New persons investing in Crypto currency for the first time or for someone with an interest in it, it is important that you focus on the reliable currencies like Bitcoin which although will fluctuate in value from time to time has little possibility of its value dropping to zero and you loosing all your money.

[Hyphen(-)]

In my opinion I we say that anyone who just getting started with cryptocurrency should avoid Memecoins, because they pump and dump they are no store of value with potential returns like bitcoin, so just centralized your focus on accumulating bitcoin and hold for long term if you are a beginner that is just getting started with cryptocurrency, because Memecoins can frustrate, and it can make you loose funds in an twinkle of an eye if you are not grounded and smart enough to make quick decisions in the crypto space.

Meme coins are profitable, but they are very risky most times. They can make you rich within a few seconds and can also make you poor within a minute. The projects are mostly due to trends, and once the trend is over, the holders will suffer because the price of the coin will dump and it will hardly recover, which means they are not reliable.

These types of memecoins the OP is making reference to are mostly found on the Solana chain. They can pump and dump projects within a short period of time. Some of their developers create coins for fun just to rug pull people, and even if you are very careful to study well and be sure the coin liquidity is locked, some of these projects don't usually have reliable social media handles. Some of them do create them when they want to list the project on Dexscreener.
As a beginner, always avoid altcoins by all means; invest in Bitcoin as a start before you get the knowledge and experience to explore altcoins.

[Ambatman]

There's a reason memecoin still have a market
They target the greedy and naive users.
Some are smart about it and make big but majority just increase the bags of whales and the developers.


Most time they are tied to hypes and others scams to imitate another glorified scam
But despite all this
Many would still consider themselves smart to win the race.

As they say "what's life without risk" but the truth is caution though slow, helps.

[Alpha Marine]

Like I've always said, I consider trading in memes to be exactly like gambling, but instead of betting on sports or visual games, you're betting on memes. So the term "gamble responsibly" should be applied when dealing with memes.

People who make reasonable money from memes are people who have enough money to invest and spread across different memes. It's like throwing a wide net in the river. The wider the net, the bigger your chances of catching more fish. If you have a small net, it will be highly unlikely for you to make a good catch.
This doesn't mean those with a small net can't catch bigger fish, but like I said, "highly unlikely". The same way, it is highly unlikely for a gambler to win hundreds of thousands of dollars with just $10 or $100.

So when you see trading memes this way and add your learning and experience to it, you should make sure you know that you can lose whatever you put into it and bet wisely.

[AprilioMP]

Meme coins are not a way or shortcut that can be expected to get big money suddenly. On the coin list site, there are currently very many altcoin in which there is also a very large amount of token but not a solution to be used as an investment asset.

Of the many types of coins and Token, the best solution so as not to store it in one wallet in which there are several bitcoin.
I have an unpleasant feeling if the contents of the wallet are joined between bitcoin and other types of coins.

[Churchillvv]

You can't use the word "Gamble" without risk in mind so as memecoin can go with our risk in mind, infact losses are the most reoccurring thing in memes so when we gamble with memes we already know how it's going to end either a win or a loss.

Memecoin are still going to trend for so many reasons.

Even the president of USA has a memecoin, so it's still a trending way to become rich over night but only for the creators.

Investors who invest huge also most times win huge some of the times, so if anyone here is going to take the risk then it should be done well and have in mind that loss is unavoidable.

[OcTradism]

Of the many types of coins and Token, the best solution so as not to store it in one wallet in which there are several bitcoin.
I have an unpleasant feeling if the contents of the wallet are joined between bitcoin and other types of coins.

Bitcoin needs to have a biggest part of your investment portfolio and your bitcoin needs to be stored separately with your altcoins, if you have altcoins.

By storing bitcoin and altcoins separately, you avoid risk that if a multiple coin wallet is hacked, you will lose all your bitcoin and altcoins in that wallet.

Use hardware wallets to store your cryptocurrency safely but buy and use hardware wallets rightly.
[GUIDE] How to buy a Hardware Wallet the right way

[CryptSafe]

Meme coins are coins that are developed for fun and have no utility value.  It is unfortunate that traders or investors patronise this coin because of the mindset of a get-rich-quick scheme, which they envisage to their own detriment, and in the end, it ends in a sorry state. Scammers have long taken advantage of this scheme because it does not cost much to start with and can attract investors to the meme project, so they use it to undo them of their funds because of their ignorance. The majority of them run the pump and dump, hony pot scheme as well, and all are under the memecoin categories. I have had this encounter lately where someone sent me a link to a meme coin listed on Facebook that is the next big pump. I did not hesitate to block him instantly because I had no idea who he was and also deleted the conversation so that I did not give it a second thought.

I remember a member posted a link to a website where fake projects could be detected through their contract address, and so far, I have been using it to check for possible scams and fake sites so I do not fall for any. You can check it out here: https://honeypot.is. I think it would be of help to members who are not aware of it as well.

[moneystery]

memecoin was originally developed to respond to a trend or just for fun. it basically has no basis whatsoever, meaning it only relies on popularity or community sentiment, it has no value at all, and it is only based on speculation. this cannot be considered an investment, like people who buy bitcoin, because when people put their money into memecoin, it means they are just betting that the token's price can increase significantly and they get a high return. but unfortunately in most cases it can be the opposite, the price drops and the developer runs away.

that's why for people who are thinking of getting involved in memecoin, they need to understand that it is very risky and at any time the price can drop and they will lose all their money.

[Dunamisx]

People may not avoid them completely because of the success stories they have been hearing about memecoins and how some have turned a sudden millionaire over them, but these same people will not come out to also share on what they have been through and the risk they have taken with the slight chances of them making it through memecoins before surviving, all these are what we should put into considerations before we can start anything and then make sure that we have all it takes to be on a profitable side, invest little you can afford to lose and also diversify your investment on other coins like bitcoin or ethereum.

[Awaklara]

So you can see for yourself how fast meme coins can rug and how dangerous it's nature is, so I advise you'll thinking of investing into them and those already into it to tread with extreme caution and be sure not to invest much on it since its more about gambling than an actual investment. Need an actual investment? Buy Bitcoin and hold since it is a proven store of value and a hedge against inflation.

People who dare to invest more in memecoin usually have experienced success with memecoin before. If it's just the beginning, they certainly won't be confident enough to put more. Everyone already knows how terrible the pump and dump that happened to memecoin. It's just that there are still many who are interested in following the quick way to make a profit. Those who are more careful will definitely put a smaller amount. But those who are consumed by ambition will put everything for a bigger profit.

[Die_empty]

So you can see for yourself how fast meme coins can rug and how dangerous it's nature is, so I advise you'll thinking of investing into them and those already into it to tread with extreme caution and be sure not to invest much on it since its more about gambling than an actual investment. Need an actual investment? Buy Bitcoin and hold since it is a proven store of value and a hedge against inflation.

People who dare to invest more in memecoin usually have experienced success with memecoin before. If it's just the beginning, they certainly won't be confident enough to put more. Everyone already knows how terrible the pump and dump that happened to memecoin. It's just that there are still many who are interested in following the quick way to make a profit. Those who are more careful will definitely put a smaller amount. But those who are consumed by ambition will put everything for a bigger profit.

For beginners, my advice is that they shouldn't put money into all these pump-and-dump schemes. Some people claim they have made money from these meme coins, but they don't consider have many people have lost. I see most of these coins as Ponzi schemes, where those who are lucky make a profit while the majority lose. Greed and ignorance are the motivation behind investing in these shitcoins.

[albon]

he lost $269,295,088 in such a short time

We could title this: "How to Lose Over $296M in Less Than an Hour!"

This investor is extremely reckless, and I don't know how he felt after losing such a massive amount of money, which could have completely changed someone's life and made them rich. . Many people invest in these coins based on the hype about making millions or even billions, but they fail to understand the dark side, which acts like a money-burning machine.

As the OP pointed out in his post, creating these shitcoins is incredibly simple and easy, and costs only a few dollars and a bit of time are needed. I hope this serves as a lesson for beginners to avoid this sector entirely and not get involved in it, and to seek safe investment in Bitcoin, which is the true source of wealth that won't vanish with their money overnight.

[Obim34]

Firstly, WHAT IS A MEME COIN?

The usual "SHITCOIN" we hear about.

Most investors won't value examples until they become victims.

HOW ARE MEMECOINS CREATED?

As "DUST". Being the founder of Memecoin gives you the right to own as much (Infinity) of that token. No queries with lies about Burning on several bases meanwhile that portion are redirected towards a different wallet to be sold and disturb the market for those who had invested.

[Perfectbaby]

Meme coins don't follow any rule, and I see a future that meme coins will die massively as we have never seen in cryptocurrency market history. We already knew how bad altcoins are and how they easily die with time especially in bear market. Meme coins are different and they will be more easily die than traditional altcoins.

Meme Coins Aren't Playing By The Rules Anymore: The 2025 Survival Guide. I shared it but a best way of survival is don't buy meme coins.
Meme Coins: The Good, The Bad, and The Ugly.
How many cryptocurrencies have died?

Only those who so much love and have passion for altcoin that could likely fall victim of scam or dump on them, but if one knows what they are doing it's that easier for them to scale through the market without them facing much difficulties, although it's not advisable to holds for long term while doing investments because altcoin are so much unpredictable and it could dumped before your two naked eyes.

[ultrloa]

Meme coins don't follow any rule, and I see a future that meme coins will die massively as we have never seen in cryptocurrency market history. We already knew how bad altcoins are and how they easily die with time especially in bear market. Meme coins are different and they will be more easily die than traditional altcoins.

Meme Coins Aren't Playing By The Rules Anymore: The 2025 Survival Guide. I shared it but a best way of survival is don't buy meme coins.
Meme Coins: The Good, The Bad, and The Ugly.
How many cryptocurrencies have died?

Only those who so much love and have passion for altcoin that could likely fall victim of scam or dump on them, but if one knows what they are doing it's that easier for them to scale through the market without them facing much difficulties, although it's not advisable to holds for long term while doing investments because altcoin are so much unpredictable and it could dumped before your two naked eyes.

Then that's provably the craziest thing they do especially if they love altcoin to much. Since if they are fine with those dump and pump schemes its like they are tolerating scammers to do their thing.

To bad for them to fall on meme coin scam schemes since at this point there's no excuse for all people to learn lot of things. Its just those people who try to earn from meme coin are to lazy to upgrade their self since what they want is to get easy quick rich schemes and want to try their chance to earn big if they can spot those meme coin which pump x1000 or even more. That one is really crazy and if that wrong perception didn't stop these meme coin scams would provably continue and continue to affect lots of their willing victims.

[btcltcdigger]

Meme coins today are what shitcoins used to be back in the day. You can compare them to the token phase when people realised they could create infinite supply of tokens on ETH (back when it was cheap) and tried to pass any shit as a "utility" token.

Memecoins are the same, they have no value, no use, no worth.