Odaily Planet Daily News: A new report from Binance Research has issued a warning about the high risks of the Meme coin market, showing that 97% of Meme coins fail or become inactive shortly after launch. The report also reveals widespread manipulation, where organized groups meticulously plan to inflate coin prices and then sell off, leaving everyday investors bearing most of the losses. Although Meme coins promise high returns, the report warns that these volatile assets are often fraught with traps. The report attributes the surge in popularity of Meme coins to economic pressures, particularly facing a younger generation with stagnant wages and rising living costs. However, the allure of high returns is misleading, as most Meme coins lack intrinsic value or technological innovation, relying instead on viral internet spread and speculative hype. The report concludes that the explosive growth of Meme coins may distract attention from projects focused on advancing blockchain technology, potentially marginalizing projects with substantial technological goals. (CryptoSlate)