Every week, it seems a new meme coin comes onto the scene, promising growth. Social media is full of it: someone turned $100 into $1 million with a coin named after some animal or a joke. But the reality: almost all of these coins are destined to become worthless, leaving a trail of empty bank accounts and broken hearts. If you’re serious about making money in this space, you need to ignore the noise and focus on the one asset that matters: Bitcoin.
The Rug Pull
Let’s discuss the elephant in the room — meme coins are not investments. They are schemes designed to separate you from your money. The vast majority of these tokens are created by anonymous developers who hold most of the supply. The hymn sheet is always the same:
- Launch a token with a funny name.
- Pump it on social media with memes and fake hype.
- Attract retail investors hoping for a quick 5/10x.
- Dump their coins on the new buyers.
- Disappear, leaving the community holding worthless bags of vile excrement.
For every person who posts a screenshot of a life-changing win, there are thousands who lose everything. There’s…