Hey kids! Have you heard about memecoins? They're like cryptocurrencies based on funny internet jokes or famous people. Recently, some memecoins have caused big problems because of scams. Some people lost lots of money!
- Some crypto experts think we should shame scammers online to stop them.
- Others think that's not a good idea because it's hard to make fair rules about who is good or bad.
- Scams with memecoins based on Donald Trump and Argentinian President Milei caused billions of dollars in losses.
| Memecoin | Problem | Loss |
|---|---|---|
| TRUMP | Scam | $2 billion |
| LIBRA | Scam | Over $100 million (insider profit) |
Bitcoin and other cryptocurrencies are not directly involved, but this shows how important it is to be careful when investing in anything online!
