MemeFi token's price experienced a sharp decline from $0.01 to $0.008 immediately after its listing, with expectations of further drops. Users who made transactions are reportedly unable to recover their funds, raising serious concerns about the platform's legitimacy.

The growing dissatisfaction among the community has led to allegations that MemeFi is a scam, with many investors expressing frustration and warning others using the hashtag #MemeFiScam.

Caution is advised for anyone considering investing in MemeFi or similar platforms, as this situation highlights the risks associated with unverified projects in the crypto space.