Emeritus Prof Christopher May on Nostr: The growing popularity of memecoins & their promotion by the Court of Tangerine ...

The growing popularity of memecoins & their promotion by the Court of Tangerine Tyrant, is a(nother )example of separating the gullible from their money;

millions are 'investing' in them, but their volatile & speculative character ensures that the winners are institutional investors who are using the age old trick of 'pump & dump' to push accelerate inflation of prices before bailing out leaving the 'fools' holding the worthless asset.

Its an old story!

#memecoins
h/t Victora Turk/Obsever