#MemeFi #MemeFi memefi is purely harvesting retail investors' money.

Red Flag 1: The big picture is 0k❌ investment.

There is no need to elaborate on the behavior of domestic projects.

Red Flag 2: The project team is completely giving up and will not update for a long time.

Anything else.

Red Flag 3: Doubts about the airdrop mechanism. Rewards for the airdrop were not distributed according to the mechanism previously announced by the community, significantly reducing the amount of airdrop for each individual. It seems that the project team has dumped a large amount of coins.

Red Flag 4: Claims of not hyping (implying not hiring market makers). My personal view may be related to Red Flag 3. The project team claims that 90% is for airdrops, but the actual details are unclear.

Red Flag 5: Recently, the community has experienced difficulties in withdrawing funds, including unwithdrawn airdrops, community on-chain wallet withdrawals, and staked coins, all of which have waiting times far exceeding previous instances and still have not been credited as of now.

Red Flag 6: The input does not match the output. Many players report that after investing a lot of time and making in-game purchases, the amount of memefi they receive is even less than their investment in the game. The community has not fulfilled the previously announced reward mechanism commitments, and the actual gap is huge.

Red Flag 7: The community consensus has already dispersed, and most people no longer believe.

Both memefi and its project team have made many feel deceived. Community administrators have muted many community members who only expressed relevant negative objective facts, including myself. However, negative news within the community has been increasing, and the community consensus is gradually shifting to doubt and criticism of it.

Red Flag 8: Memefi has attempted to apply to other major exchanges (such as Cosmos Exchange and Europe’s first CB) but has not succeeded so far. Personally, I am not optimistic about it. I noticed that the trading volume data of some exchanges is inflated; the actual trading volume is much less.

In summary, memefi is bearish in the short to medium term. If it can hold out until January, there may be a turnaround, but the current situation is not optimistic. If the project can last until January, that would be quite good.

The above opinions only represent personal views and do not constitute investment advice. The market has risks.

Investing requires caution.