Dogecoin

DogeBonk

PepeCoin

dogwifhat

Just a chill guy

On Thursday, analyst <a href="https://x.com/zachxbt/status/1861450263925559399" rel="noopener noreferrer nofollow">ZachXBT</a>, pointed out in his X post that an ex-Fortnite player, under the name Serpent, was involved in a meme coin scam. By compromising accounts of over nine celebrities, including Usher, McDonalds, Andy Ayrey, and Wiz Khalifa, the player had taken about $3.5M in funds and gambled the proceeds in online casinos after converting them on Solana. This brings to light that the meme coin market should induce additional regulatory guidelines to safeguard from potential risks.Originally, <a href="https://cryptotale.org/cz-urges-a-shift-from-meme-coins-to-blockchain-applications/" rel="noopener noreferrer nofollow">meme coins</a> emerged in the market as a joke, but over time, they became an integral part of the cryptocurrency ecosystem. The first meme coin to be created was Dogecoin (DOGE). It was created in 2013 by two software engineers- Billy Markus and Jackson Palmer, who took inspiration from an internet meme, Doge.As the market evolved, Dogecoin led the way for others like Shiba Inu, Floki, Pepe, Bonk, etc. Like DOGE, these have also gained traction and a significant user base in the market. The rally of these coins depends on several factors, including social media, which could affect its trajectory within seconds.<a href="https://cryptotale.org/is-meme-coin-a-humorous-or-scary-investment-choice/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Is Meme Coin a Humorous or Scary Investment Choice?

CryptoTale

Other articles published on Nov 28, 2024

Moongate Launches $MGT Token to Drive New Era of Engagement in the Attention Economy

Bitget Launches BTC Price Prediction Event with Daily Prizes and Grand Bonus of 1 Bitcoin

Bitcoin Futures Open Interest Surges Past $60 Billion

How to Seize Bull Market Opportunities? HTX’s New Crypto Loans Product Offers the Answer

XRP Begins Moving to $2 Again

XRP Price Prediction 2024: XRP Price Juggling Between Pivotal Range-Here’s When it May Break Out

Join our free newsletter for daily crypto updates!