Viewpoint: Meme coins are becoming a "retail investor exploitation tool", which violates the spirit of crypto decentralization
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7 hours ago 5,827
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Golden Finance reported that Anastasija Plotnikova, co-founder and CEO of blockchain regulatory firm Fideum, said that Meme coins are violating the basic spirit of cryptocurrency decentralization and are increasingly used to exploit retail investors in an increasing number of Rug Pulls behaviors. She added: "Meme coins have evolved from community-driven social experiments to chaotic situations dominated by retail investors' withdrawal of value internal circles, stock price gouging and sniper teams have replaced the organicity and collectivity of the original Meme coins community, creating an unhealthy competitive environment."
Anastasija Plotnikova believes that some of the actions are already clearly illegal and fall under the jurisdiction of law enforcement agencies and support enforcement of some projects.