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While Welch remains absent, her partners have tried to divert attention from her by placing the blame on Alex Larson Schultz, the alleged mastermind behind the coin's ill-fated launch. As the story unfolds, it paints a picture of a cautionary tale about the fragility of trust in the rapidly-evolving landscape of social media and cryptocurrency.
The underlying sentiment among investors, however, is one of disbelief. How could individuals invest significant amounts into a cryptocurrency linked to an internet meme without due diligence? The harsh reality is a reminder of the risks associated with new digital investments, particularly those lacking a foundation of credibility and transparency.