In the comments, the artist assured that the video was “for educational purposes only,” and that EASY_MONEY is not an actual tool for speculation.
Less than 24 hours after Schenkman’s post, a video appeared on another account showing: the same process in the same Contact Wizard can be completed in just 22.45 seconds, setting a new unofficial record for memcoin creation speed.
It was recently reported that the rate of another “hype meme token” Pepe plummeted 47% a few days after the token’s rate rose 45% and its capitalization exceeded $1 billion.
Earlier, cryptocurrency analysts discovered several addresses that run fraudulent “memetic tokens” on a daily basis.
Crypto-enthusiast Ben Armstrong advises not to buy memetic tokens, as their final value will be zero (Dogecoin may be an exception).
Cryptoinfluencer compared trading in meme-coins with a game of “hot potato”. Armstrong advised his subscribers to profit from meme coins as often as possible.