SEC sooner or later they had to switch to the meme token market | Lado Okhotnikov
administrator
24.10.2024

The FBI decided to hype on memecoins. Several market makers were caught in the crossfire. After that, naturally, a wave of indignation began: they say that the DeFi market is being pumped up with fictitious volumes, creating conditions for manipulation.

Let's be honest: if someone released a memecoin and someone decided to buy it, and is now outraged that it turned out to be a dummy - this is exclusively their decision.

I've said a thousand times: before buying something, look at what the team is doing, evaluate the tokenomics, go to the community chats. If you don't find anything except pictures of rockets and memes, then perhaps this is not the project for investment. But if real experts are involved in the project, there are real products and a roadmap with real steps is thoroughly described, then, at a minimum, this speaks of serious intentions and a well-thought-out strategy.

But instead, many decide that since someone retweeted a token with a picture of a rocket, then they should definitely buy it. And then they are surprised that the rocket turned out to be a paper one.

As for the SEC, their actions were easy to read many months before: sooner or later they had to switch to the meme token market. And now, that moment has come.

© 2022