Lens1000
VIP Contributor
If you want to follow meme coins by nature, they are often created as a playful cryptocurrency but labeling it as a Ponzi scheme is not right . It is very crucial to differentiate between the meme coins and malicious schemes because there are so many meme coins in the cryptocurrency market and they are doing well. Meme coin are highly volatile and they are also highly driven by social media trends . It is not accurate to label it or categorize them as Ponzi scheme because it is not a fraudulent investment operation that would promise you high returns like the Ponzi schemes.
