GREED Token Is Not a Crypto Scam, but a Lesson on How to Get Scammed Amid Meme Coin Mania

GREED Token Is Not a Crypto Scam, but a Lesson on How to Get Scammed Amid Meme Coin Mania


In S**tcoin Spring, any pointless cryptocurrency with a Twitter account can enchant thousands of traders into playing meme coin musical chairs. Throwing money at the wall and reason out the window, they let greed get the best of them. Sometimes literally.

This past week a social experiment called GREED got the best of would-be speculators on the Solana blockchain. Instead of wealth they’re getting bupkis – with a side of public shaming to boot.

It’s a story that showcases the dark psyche encouraged by those one-off tales of meme coin riches. For every lucky speculator up 5,000,000% on pepecoin (PEPE), there are thousands of gamblers losing money to insiders

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