Webacy's Top Three Warning Signs for Meme Coin Scams
While meme coins may seem like a fun investment, they are highly volatile and pose a risk of scams. Webacy, a blockchain analytics firm, warns investors of three key signs of meme coin scams. These include concentrated holders, shady influencers, and special powers such as unlimited token supply. To protect oneself, it is recommended to conduct thorough research and use safety screens and risk scores on analytics sites.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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