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I have a question. Why are all these meme coins being built on Solana instead of Binance chain? I remember a few years ago it was shitcoins galore on Binance. So many copy and pasted Dexes and shitty NFT coins. What changed?
Thats why its congested the last weeks and many transactions failed? Speed is available just sometimes. In Case the Chain is online and not congested🤣
They follow the hype. Solana first attracted a degen audience, then the memecoins started to explode. First they were L1s, then eth tokens, then BNB tokens, now solana. They almost disappear during bear and resurface on chains gaining traction (lots of inexperienced, dumb capital). You don't want to do a rug on a chain that is less used because you have less access to capital.
What's so shocking, every dummy is making a worthless memecoin just waiting to rug pull. Solana should be banned for making all crypto look like a scam.
>Solana should be banned for making all crypto look like a scam.
It is amazing ppl say shit like this but no one said a thing about banning ETH, when ETH started all this trend, especially sending money to random addresses as presale. Should ETH be banned too?
There is nothing Solana is doing right now about memes is anything new. All the tricks were started on ETH last year.
Regulations are coming and now we have a Bitcoin ETF. This isn't the wild west days anymore. We're going mainstream and Solana memecoin rug pull factory makes crypto look like a scam. Solana is allowing 1000's of rug pull scams to be created. Some would call that fraud. I dumped my Solana, its a fraud chain. Just glad the new investors don't know about it yet.
And all the ETH products don’t?
SOL is probably the most tamed top chain when it comes to experimenting with scams. Like I said, there is no new meme coins tricks being pulled on SOL that wasn’t already perfected on ETH last year.
SOL didn’t really take off in the SocialFi, GameFi, fancy DeFi, NFT, etc. scams as much as on ETH. For example, how many Ethena type of products do you see getting attraction on SOL? Most of the newer SOL DeFi protocols are boring types like Aave, MakerDAO, like stuff.
Also, plenty of ETH NFTs made by the ETH Chinese cabal are blatantly breaking US security laws. You won’t see the same on Solana because it is not as favored by the cabal.
It is amazing how this sub continues to hit on lower caps while they blindly give a free pass to ETH. Given how biased this space is towards ETH community’s behavior, maybe it is time for the SEC to dig in and level the playing field for everyone.
Your saying its okay for Solana to be a scam memcoin rug pull factory because Ethereum use to have alot of rug pulls. Your acting like it's okay for Solana to scam people all day with memecoin rug pulls because Ethereum also did it. Go back to bed, you are tired.
No, I am calling out the space’s hypocrisy.
1) ETH gets a pass on all sort of shits because it is a “permissionless system so you can’t stop it”.
2) Any other chains do it and everyone goes sanctimonious about it.
FYI: It is not that ETH “use to have a lot of rug pulls”. It does everyday. You just aren’t aware about the amount of shitcoins printed everyday on main net. Vitalik was even socially pressured to apologize for calling a certain ETH shitcoin a scam just recently.
It is same the cabals and groups running casino on ETH now running them on SOL. Somehow, the space has to apply double standard on “where” the “crime” is committed rather than “what” is being committed.
I am happy to go with your ban if you ban every other major offending chains too. But the space won’t do it because the all the VCs and market manipulators are too vested in ETH so they will force double standards whenever possible.
TBH, the space looks a lot more scammy because of inconsistent standards and excessively favorable treatment towards ETH by those in power. Meme coins are gambling - most know you can’t take them seriously and have no long term value. However, the space pretends we are doing serious things when we can’t even get a coherent standard on what is right and wrong.
"Solana" isn't scamming anyone redditard, any more than the "internet" is trying trick you into sending money to a Nigerian prince. Do you know what permissionless means?
>Solana is allowing 1000's of rug pull scams to be created.Â
Solana doesn't "allow" anything. That isn't how this works. Are you sure crypto is for you?
Solana knows what is going on and we all know memecoins are rug pulls. Sol should make it more difficult or costly for a memecoin project. It is to cheap for any con artist to fraud the public with memecoins. You can't defend what's going on. It's fraud plain and simple.
How does this work in your head? Do you get upset at the World Wide Web foundation when you read a bad website? Do you get upset at email protocols when someone floods you with spam for cheap viagra? Just don't touch memecoins if you don't want to. I don't go near them. This isn't hard.
tldr; Solana's memecoin presales have raised concerns due to a high number of rug pulls, with 33 projects accumulating over 796,000 SOL ($149.2M) from investors. A notable incident involved the SLERF presale, where investors lost $10.8M. Solana Foundation developer Kevin R. Ricoy advises the community to support genuine projects over risky presales. The situation has led to a loss of trust in Solana's network, contributing to a market sell-off and a drop in SOL's price. The recent memecoin craze underscores the risks associated with presale investments in the crypto space.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Dexscreener for solona might as well be digital scratch off lottery cards. You either win or lose and you find out very quickly. No skill is necassary.
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I have a question. Why are all these meme coins being built on Solana instead of Binance chain? I remember a few years ago it was shitcoins galore on Binance. So many copy and pasted Dexes and shitty NFT coins. What changed?
>What changed? Meme coin is becoming more main stream. The Binance chain isn't accessible for many parts of the world, especially the USA.
Superior chain in terms of cost, speed, settlement, and UX/UI. Try it for yourself.
Thats why its congested the last weeks and many transactions failed? Speed is available just sometimes. In Case the Chain is online and not congested🤣
lots of countries are banning Binance so BSC is less accessible unlike before
They follow the hype. Solana first attracted a degen audience, then the memecoins started to explode. First they were L1s, then eth tokens, then BNB tokens, now solana. They almost disappear during bear and resurface on chains gaining traction (lots of inexperienced, dumb capital). You don't want to do a rug on a chain that is less used because you have less access to capital.
I really don't think anyone is shocked by this "revelation".
Solana is online long enough to have rug pulls... ? *C'mon... that's gotta be fake news.*
yes, it couldn't happend on ETH, since it's perma down because of high fees.
What's so shocking, every dummy is making a worthless memecoin just waiting to rug pull. Solana should be banned for making all crypto look like a scam.
This was done on eth before years back anyway its just the usual hype cycle. People have short memories
>Solana should be banned for making all crypto look like a scam. It is amazing ppl say shit like this but no one said a thing about banning ETH, when ETH started all this trend, especially sending money to random addresses as presale. Should ETH be banned too? There is nothing Solana is doing right now about memes is anything new. All the tricks were started on ETH last year.
Regulations are coming and now we have a Bitcoin ETF. This isn't the wild west days anymore. We're going mainstream and Solana memecoin rug pull factory makes crypto look like a scam. Solana is allowing 1000's of rug pull scams to be created. Some would call that fraud. I dumped my Solana, its a fraud chain. Just glad the new investors don't know about it yet.
And all the ETH products don’t? SOL is probably the most tamed top chain when it comes to experimenting with scams. Like I said, there is no new meme coins tricks being pulled on SOL that wasn’t already perfected on ETH last year. SOL didn’t really take off in the SocialFi, GameFi, fancy DeFi, NFT, etc. scams as much as on ETH. For example, how many Ethena type of products do you see getting attraction on SOL? Most of the newer SOL DeFi protocols are boring types like Aave, MakerDAO, like stuff. Also, plenty of ETH NFTs made by the ETH Chinese cabal are blatantly breaking US security laws. You won’t see the same on Solana because it is not as favored by the cabal. It is amazing how this sub continues to hit on lower caps while they blindly give a free pass to ETH. Given how biased this space is towards ETH community’s behavior, maybe it is time for the SEC to dig in and level the playing field for everyone.
Your saying its okay for Solana to be a scam memcoin rug pull factory because Ethereum use to have alot of rug pulls. Your acting like it's okay for Solana to scam people all day with memecoin rug pulls because Ethereum also did it. Go back to bed, you are tired.
No, I am calling out the space’s hypocrisy. 1) ETH gets a pass on all sort of shits because it is a “permissionless system so you can’t stop it”. 2) Any other chains do it and everyone goes sanctimonious about it. FYI: It is not that ETH “use to have a lot of rug pulls”. It does everyday. You just aren’t aware about the amount of shitcoins printed everyday on main net. Vitalik was even socially pressured to apologize for calling a certain ETH shitcoin a scam just recently. It is same the cabals and groups running casino on ETH now running them on SOL. Somehow, the space has to apply double standard on “where” the “crime” is committed rather than “what” is being committed. I am happy to go with your ban if you ban every other major offending chains too. But the space won’t do it because the all the VCs and market manipulators are too vested in ETH so they will force double standards whenever possible. TBH, the space looks a lot more scammy because of inconsistent standards and excessively favorable treatment towards ETH by those in power. Meme coins are gambling - most know you can’t take them seriously and have no long term value. However, the space pretends we are doing serious things when we can’t even get a coherent standard on what is right and wrong.
"Solana" isn't scamming anyone redditard, any more than the "internet" is trying trick you into sending money to a Nigerian prince. Do you know what permissionless means?
Solana knows and allows 1000's of these scam rug pull memecoins to be created. So Solana is a scam by association.
>Solana is allowing 1000's of rug pull scams to be created. Solana doesn't "allow" anything. That isn't how this works. Are you sure crypto is for you?
Solana knows what is going on and we all know memecoins are rug pulls. Sol should make it more difficult or costly for a memecoin project. It is to cheap for any con artist to fraud the public with memecoins. You can't defend what's going on. It's fraud plain and simple.
How does this work in your head? Do you get upset at the World Wide Web foundation when you read a bad website? Do you get upset at email protocols when someone floods you with spam for cheap viagra? Just don't touch memecoins if you don't want to. I don't go near them. This isn't hard.
It’s amazing how people keep apeing into these coins. There’s not authenticity or community… they’re just pump & dumps.
I don't think crypto is for you. No one gets to ban anything.
Doesn’t the name “meme coin” mean that it is inherently a rugpull?
Why would it mean that?
tldr; Solana's memecoin presales have raised concerns due to a high number of rug pulls, with 33 projects accumulating over 796,000 SOL ($149.2M) from investors. A notable incident involved the SLERF presale, where investors lost $10.8M. Solana Foundation developer Kevin R. Ricoy advises the community to support genuine projects over risky presales. The situation has led to a loss of trust in Solana's network, contributing to a market sell-off and a drop in SOL's price. The recent memecoin craze underscores the risks associated with presale investments in the crypto space. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
People should expect a loss when they go in on a pure gamble.
Dexscreener for solona might as well be digital scratch off lottery cards. You either win or lose and you find out very quickly. No skill is necassary.
rugpulls on solana? I'm shocked, shocked! Well, not that shocked.
*’Shocking’*
Investing in memes is risky except if it's a coin like Catgirl that if you go on their reddit they actually have an ecosystem.
Oh no! Anyway...
Shocking to whom?
I’m shocked, SHOCKED! Well not that shocked
How do I get my old moons back?