'Dogecoin Millionaire' Says 'Fair Launches' For Meme Coins Don't Exist: 'Stop Being Delusional'
Portfolio Pulse from Khyathi Dalal
'Dogecoin Millionaire' Glauber Contessoto argues that fair launches for meme coins don't exist due to the advantage of snipers and bots, making it impossible for average investors to compete. He suggests supporting projects with solid teams that understand these challenges and can protect their communities. Contessoto's own experience with Dogecoin, where he saw his fortune drop significantly, underscores his caution against chasing so-called fair launches.
May 01, 2024 | 3:43 pm
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Glauber Contessoto, known as the 'Dogecoin Millionaire', criticizes the concept of fair launches in the crypto market, highlighting the challenges faced by average investors due to snipers and bots. He advises against chasing fair launches and suggests supporting projects with solid teams. Contessoto's experience with Dogecoin, where his holdings plummeted from $3 million to $50,000, serves as a cautionary tale.
The article directly mentions Dogecoin and Glauber Contessoto's experience with it, emphasizing the risks associated with meme coins and the crypto market's challenges. While the news is significant for Dogecoin investors, the neutral score reflects the ongoing debate about the fairness of crypto launches rather than new, market-moving information.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100