Industry insiders: The threshold for issuing "meme coins" is extremely low, and most of them lack technical support

PANews reported on March 10 that according to Jinshi.com, Manus, which was called "the world's first universal intelligent product" by the publisher, has quickly "gone viral" recently, and its popularity has spread rapidly. The invitation code was once sold for tens of thousands of yuan. With the explosion of Manus, many Manus tokens with the same name have appeared in the cryptocurrency market. Their prices have risen and fallen sharply in a short period of time. Some tokens with the same name have risen by more than 900%, and some have fallen by 95% in just 3 hours and their prices have almost returned to zero. Ji Yichao, co-founder and chief scientist of Manus, immediately clarified that Manus has never participated in cryptocurrency projects, token issuance or blockchain plans. An industry insider told reporters that the issuance threshold of "meme coins" is also extremely low, "Now there are many platforms that issue coins with one click." Zhao Wei, a senior researcher at the OKX Research Institute, told reporters that the vast majority of meme coins lack technical support and community foundation, and eventually lose liquidity due to insufficient market recognition. Such meme coins that rely on short-term speculation have a very low survival rate and extremely high investment risks.

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Author: PA一线

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