Bitcoin.com News
Bitcoin.com News|Feb 21, 2025 06:32
A recent survey of 1,066 crypto investors reveals that nearly 80% bought president-endorsed memecoins like CAR, LIBRA, and TRUMP! 🇺🇸💰 37% were first-time buyers drawn in by political relevance and viral marketing, but 21% quit crypto altogether after their experience. The study highlights a troubling trend: instead of fostering long-term engagement, these memecoins have led to disillusionment. High volatility and pump-and-dump cycles are turning newcomers away! As of February, 52.3% of TRUMP investors are at a loss, with many losing up to 10,000. Overall, TRUMP investors have lost a staggering 3.6 billion! Meanwhile, 75% of LIBRA investors are also losing money, and 66% of CAR investors are in the red. Memecoins tied to political figures attract mass participation but expose investors to high risks. This could slow down trust in digital assets! What are your thoughts on the future of memecoins?
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