The recent frenzy around cryptocurrencies and memecoins has reached new heights, with individuals turning $100 into six figures, and Twitter accounts with 15k+ followers considering launching their own cryptocurrencies. Reports have emerged of people making substantial amounts from minimal investments, such as a 16-year-old who turned $50 into $250,000, and accounts raising eight figures in 24 hours. This mania has led to a surge in investments in dubious ventures, with millions of dollars and even hundreds of millions of dollars being sent to random Twitter accounts for cryptocurrency pre-sales. The phenomenon has sparked a debate on the sustainability and ethics of such investments, as more individuals, including those previously skeptical, are drawn into the speculative bubble. Some individuals are launching memecoins, keeping less than 1% of the supply, which can't even pump over $10 million.
sending crypto to random wallet addresses for “pre-sales” is wildddd at that point yall should just throw money in a fountain and make a wish
imagine cashing in all social chips and connections in the first inning of a super cycle to launch a memecoin only keeping < 1% of the supply that can’t even pump over $10mm what are we doing here 🫵😭
When you thought we had much more time to run it up this cycle but everyone becomes giga retarded and starts sending hundreds of millions of dollars to random twitter accounts https://t.co/ONQ9z4vHUe