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Memecoins
A memecoin is a token whose main product is attention. Attention is real. It is not a reason to ignore who can mint more, or who holds the supply.
The usual loss
Insiders hold a large share, the crowd arrives, and the insiders sell. Or the contract lets them block your sale. Or the liquidity disappears.
A funny name and a busy chat do not answer who gets paid.
The check, unchanged
Who can mint. Who holds the unlocked supply. Whether you can sell. What the fee on each trade is. If the chat punishes those questions, you already have your answer.
Check yourself
Is a large community proof the coin is fair?
No. Crowds can be paid, botted, or late.
After this you can ask who holds the supply and whether you can sell, before the joke feels urgent.
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