When you look at the most rising coins on the CoinMarketCap site, you will see the Baby PENGU token first.
When you see this token, which has increased by 17000% in the last 24 hours, you may say "I wish I had bought it", but in reality, it is not the case.
▪️ BABYPENGU is the best example of how risky cryptocurrencies are and how wrong choices can lead to dangerous results.
BabyPENGU price goes up to $ 32 after the exit. There are many ups and downs before the exit. Then it gets "Rugpull" and resets.
▪️ It goes up one more round from the point it was reset and resets again. Now it is making this rise. We can already guess what the result will be.
However; there are many investors who are deceived by these increases and buy without research. Since this example is very striking, I wanted to share it with you.
Memecoins in particular are very risky investments. $PENGU is a good project. They will release many similar coins using its name. Similarly; We can see these in tokens such as $DOGE, $BONK, $FLOKI, $SHIB, $MEME.
Be careful when investing in cryptocurrencies. Definitely have a plan and strategy...