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ZachXBT Warns of Suspicious Patterns in Meme Coin Launches | Flash News Detail | Blockchain.News
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10/26/2024 9:53:22 AM

ZachXBT Warns of Suspicious Patterns in Meme Coin Launches

ZachXBT Warns of Suspicious Patterns in Meme Coin Launches

According to ZachXBT, traders should be cautious of certain patterns in meme coin launches. These patterns include the same accounts frequently promoting new meme coins, often receiving free supplies or compensation. Additionally, there is a tendency for these launches to involve excessively bundled supplies and for the narratives around them to appear forced rather than organic. Identifying multiple occurrences of these patterns could indicate a lack of authenticity in the coin's promotion.

Source

ZachXBT

@zachxbt

ZachXBT is an Pseudonymous independent on-chain sleuth who is popular on revealing bad actors and scams in the crypto space