Summary of 'Every meme coin is a rug pull in the works' — Mark Cuban
Summary of 'Every meme coin is a rug pull in the works' — Mark Cuban
https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=1200/https://s3.cointelegraph.com/uploads/2024-10/019253bb-3d17-71f6-b26d-c1d75a5b9db8
The source article:
Mark Cuban, a well-known investor, recently shared his views on the crypto industry, specifically on memecoins. He believes that all memecoins are drawn-out rug pulls and have no real-world utility. He compared meme trading to a game of musical chairs, where all participants gamble.
https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=1200/https://s3.cointelegraph.com/uploads/2024-10/019253bb-3d17-71f6-b26d-c1d75a5b9db8
The source article:
quoting nevent1q…v53q'Every meme coin is a rug pull in the works' — Mark Cuban
https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=1200/https://s3.cointelegraph.com/uploads/2024-10/019253bb-3d17-71f6-b26d-c1d75a5b9db8
According to CoinGecko, memecoins were the biggest crypto narrative in the second quarter of 2024, with a 14.3% share of all transaction volume.
https://cointelegraph.com/news/every-meme-coin-rug-pull-works-mark-cuban
Mark Cuban, a well-known investor, recently shared his views on the crypto industry, specifically on memecoins. He believes that all memecoins are drawn-out rug pulls and have no real-world utility. He compared meme trading to a game of musical chairs, where all participants gamble.