Who Really Wins with Memecoins

[coyhasmon]

Honestly I haven't read all the comments, I'm here to just say "The one who creates them".

The service providers win the most, such as pump.fun and exchanges. They actually win even more than the ones who create the memes, as it requires no effort on their part to participate in earning a lot of money. Whether a meme succeeds or not is not important for them, they still make money on it.

That's something. I know understand why a lot of people are looking for making "launchpad" startups or products!

Exactly, they just do some basic diligence and then they lift their hands of any liability or responsibility. They use the same old lame excuses such as most startups fail, while they are facilitating the scamming of inexperienced retail people.

[prp-e]

Honestly I haven't read all the comments, I'm here to just say "The one who creates them".

The service providers win the most, such as pump.fun and exchanges. They actually win even more than the ones who create the memes, as it requires no effort on their part to participate in earning a lot of money. Whether a meme succeeds or not is not important for them, they still make money on it.

That's something. I know understand why a lot of people are looking for making "launchpad" startups or products!

Exactly, they just do some basic diligence and then they lift their hands of any liability or responsibility. They use the same old lame excuses such as most startups fail, while they are facilitating the scamming of inexperienced retail people.

I checked some networks procedures of minting a new token (aka being a launchpad) which is really easy and most importantly, they're open source (an example is minter.ton.org) and for making a launchpad possible, you only have to get those codes and connect it to your own wallet.

And then you profit from each token minted on the network. Wether wins or fails.

[Ndabagi01]

Already too high for me personally.
I was thinking of buying it since I also followed binance alpha points program, killing two birds with one stone, but few minutes later the price suddenly pumped so high.

I think there's manipulation in this meme coin but that's like any meme coin ever. Since it's already priced too high anyway, I would refrain.

These are how most of the altcoins are and you just have to be careful while looking for one to invest into. They are very manipulative and when you don’t pick the right ones, you’ll regret ever investing in them while been rugged off your money you’ve invested into it.

Memecoins are mostly going to be like this, when you miss the first pump, you just have to forget about it because there is an high possibility that the market will not be in their favour again and those that got the first pump would have already taking profits leaving the project to just die.

[len01]

Not sure if anything good can happen but I believe Gork will eventually be just like any other memecoin. I've never had the thought of buying and holding for the long term in hopes of getting something bigger. But there's no harm if it's just for short term trading. Because it's a bit profitable to trade on memecoins like Gork that give some profit in a few days.

[Baki202]

These are how most of the altcoins are and you just have to be careful while looking for one to invest into. They are very manipulative and when you don’t pick the right ones, you’ll regret ever investing in them while been rugged off your money you’ve invested into it.

Altcoins are even better because there are a lot of altcoins that will give you a lot of reputation, and there is no need to be scared of investing in them, but when it comes to memes, just like the names, the majority are just a joke, and even with research, what matters is the success of the coin, so there are a lot of contradictions when it comes to investing in memes. It's a high-risk business, just like you lose and you win.

Memecoins are mostly going to be like this, when you miss the first pump, you just have to forget about it because there is an high possibility that the market will not be in their favour again and those that got the first pump would have already taking profits leaving the project to just die.

And the moment that first pump is gone, then there is nothing else anyone can do about it because when you look at the market, how many memes have you see seen that have survived after the first pump? They move to the next one. Meme is another tactical business to do when you know how to do it, most are under the Solana chain.