Mark Cuban on Memecoins on the Rug Radio Podcast đïž
- Cuban thinks memecoins are just "musical chairs" and have no real value.
- He compares investing in memecoins to playing roulette, based on the "Greater Fool" theory.
- Despite their strong communities, memecoins lack resilience and are susceptible to "rug pulls."
đ„ 2024 - The Year of Memecoins?
- In the past 30 days, 381,401 new memecoins were created on the Solana network.
- Many tokens lost 99% of their value in just a few days of trading.
- Popular memecoins like PEPE gained 30% in value during the week of September 27, but fell again in early October.
đ What do you think about the future of memecoins? Comment now!
