Negative reviews of memecoins generally focus on the high risks, lack of real-world utility, and prevalence of scams in the space: High Risk and Volatility: Memecoins are often highly speculative and prone to extreme price volatility, driven by hype rather than intrinsic value. Many investors suffer significant losses when the hype diminishes, leading to market crashes.- COINGECKO According to Market Realist, a significant number of memecoins have been linked to scams, such as rug pulls (developers draining liquidity and abandoning the project) and honeypots (trapping investors by preventing them from selling tokens). Studies have found a notable proportion of memecoin projects exhibiting fraudulent behavior.
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