From the «fools, money, parted» department:
Title: Is every memecoin just a scam? Experts on whether Andrew Tate and Trump are fleecing their followers
Author: Matt Shea
Date: Fri, 30 May 2025 11:00:13 +0000
Link:
https://www.theguardian.com/technology/2025/may/30/is-memecoin-scam-crypto-trump
Podcast Download URL:
https://i.guim.co.uk/img/media/f2c8c7e5d4332a4502057ea84939e8721d977357/1464_594_5616_4495/master/5616.jpg?width=460&quality=85&auto=format&fit=max&s=2ab6ab0b697114d6a0667e92977c1ab0
After I was turned into a memecoin, I looked into the hype behind the crypto that only a tiny percentage of people profit from
In November last year, I was turned into a memecoin. Several, in fact.
Someone alerted me that a memecoin called Dork Nerd Geek ($DNG) had been minted with a picture of my face, and it already had a market cap (the total value of all coins in circulation) of $29,000. Twenty minutes later it was $100,000. An hour later it was $800,000.
Continue reading...[1]
Links:
[1]:
https://www.theguardian.com/technology/2025/may/30/is-memecoin-scam-crypto-trump (link)
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