Ben Armstrong compared trading meme-coins to playing “hot potato”. Armstrong
advised his subscribers to profit from meme-coins as often as possible:
“Don’t forget guys, all memecoins will eventually go to zero, except maybe DOGE. Take the profits out.”
A few days ago, an investor admitted to transferring some profits from GENSLR and POOH to DINO.
According to Armstrong, this is the first time he has been involved in such risky speculative trading in cryptocurrencies, otherwise known as “degen” (short for “degenerate”):
“The gossip is true, haha.. I did flip some profits and have to be honest with you guys.
I’ve never been on this level of degen and I’ve never had this much fun in cryptocurrency.
Reminiscent of the best bull trend responses, but it’s just a meme.”
PEPE’s “token meme” recently surpassed $1 billion in capitalization.