Is every memecoin just a scam? Experts on whether Andrew Tate and Trump are fleecing their followers
Briefly

In November, journalist Matt Shea found himself unexpectedly turned into a memecoin after a currency called $DNG was minted using his face. Within only an hour, the coin's market cap skyrocketed from $29,000 to $800,000, largely due to Andrew Tate's livestream where he mentioned various memecoins. Shea observed the wild fluctuations as new coins linked to his name popped up in rapid succession, driven by Tate's comments, demonstrating the unpredictable nature of the memecoin market, with millions exchanged in mere moments.
The insane volatility of the memecoin market was showcased as dozens of new coins featuring my name emerged, their values rising and falling based on a single livestream.
Andrew Tate's comments directly influenced the value of several memecoins that emerged, illustrating the bizarre and rapid shifts in the cryptocurrency market.
Read at www.theguardian.com
[
|
]