People Are Setting Themselves on Fire and Getting Punched in the Face to Pump Their Crypto Coins
Briefly

"The potential gains and losses are amplified in crypto because meme coins float free of any fundamental value. Unlike stocks, whose value is tied to performance, this lack of anchor leads to extreme volatility."
"As people recognize momentum building on social media, the strategy is to get on the wave before the surge takes place. This creates a cycle of speculation that drives up prices."
Read at WIRED
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