Published on 26 Apr 2024 on Benzinga
Meme Coins Are 'A Pure Ponzi' And 'Destroying Crypto,' Says Trader Who Thinks Dogecoin Was Different
In the midst of the meme coin super cycle frenzy, swing trader Picolas Cage has taken a stand against meme coins, arguing that they are harmful to the overall cryptocurrency ecosystem.
What Happened: "They are disinteresting from a technical perspective and don’t offer anything other than a pure ponzi," the trader writes, emphasizing their lack of substance.